Andrew Freedman, Elizabeth Gonzalez-Sussman and Ryan Nebel Featured in The Deal on Olshan’s Dominance as Legal Adviser to Activists in 2023

Chair of Olshan’s Shareholder Activism Practice Andrew Freedman and Shareholder Activism Practice Vice Chairs Elizabeth Gonzalez-Sussman and Ryan Nebel were featured in an article for The Deal (subscription required) entitled “A Review of the Top Legal Advisers to Corporations and Activists in the First Half of 2023,” which notes that Olshan “continues to dominate the legal adviser to activist category by the numbers, and the firm was involved in one of the largest activist wins of the year, at Pitney Bowes Inc. (PBI).” The article mentions that “Olshan partner Andrew Freedman advised Hestia Capital Management LLC on its successful proxy contest at Pitney Bowes, where, in the first-ever control slate proxy contest to go to a vote under the Securities and Exchange Commission’s universal proxy card regime, stockholders elected four of the five Hestia-nominated candidates to a nine-member board.” “Olshan partner Ryan Nebel,” the article continues, “advised Engaged Capital on its campaign at Shake Shack Inc. (SHAK), which culminated with a May cooperation agreement providing for the addition of two new directors and the immediate reduction and subsequent elimination of chairman Danny Meyer’s director designation rights.” The article concludes that “Olshan partner Elizabeth Gonzalez-Sussman advised Legion Partners Asset Management on its proxy campaign at Primo Water, which settled in May providing for the addition of two new directors nominated by Legion and the adoption of governance enhancements, including changes to the company’s advance notice bylaw provisions.”