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Equity Investment & Activist Practice

300 proxy contests since 2005  
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2014 Activist Campaigns
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Widely recognized as the nation’s premier practice in representing activist investors in contested director elections.

Olshan's Equity Investment & Activist Group is widely recognized as the nation's premier practice in representing activist investors in contested director elections. We have unparalleled experience in counseling clients on a wide variety of activist strategies, from proxy contests, consent solicitations and hostile takeovers to letter-writing campaigns and behind-the-scenes discussions with management and boards of directors.

Proven Track Record

Our Activist attorneys have been involved in seeking board representation at over 300 public companies, including some of the highest profile activist situations over the past several years. We have achieved success on this front in over 90% of the situations in which our clients have nominated directors.

Equity Investment & Activist Group chairman Steve Wolosky has been a pioneer in the area of shareholder activism, and his innovative methods and strategies are well known among clients and the media. In fact, The Activist Report, a monthly newsletter by 13D Monitor, recently described Steve as "...a top choice of many hedge funds and activists..." Steve and all of the shareholder activism attorneys in our Activist Group draw from their wealth of experience every day to benefit clients in all types of activist situations.

Identifying Opportunities

We get involved early in evaluating a company's corporate governance profile and in identifying opportunities for effecting change. This includes assisting our activist clients in navigating the myriad applicable securities laws and proxy rules, and drafting and preparing Schedules 13D and Forms 13F, advance notice bylaw provisions, Rule 14a-8 shareholder proposals, "books and records" demands, and letters to company management and boards of directors.

Proxy Contests

Our Activist attorneys work closely with clients to develop a comprehensive proxy strategy, a roadmap tailored to the client's specific goals and designed to maximize results in a contested proxy solicitation. To that end, we thoroughly examine a company's organizational documents, corporate governance practices, and operational performance for structural vulnerabilities. This in-depth research helps us frame the issues and shape the messaging to be delivered to the company's shareholders.

On the public relations side, we draft and prepare fight letters, press releases and investor presentation materials, and walk our clients through presentations to ISS and Glass Lewis and other proxy voting advisory agencies. We actively discuss and negotiate potential settlements with the company's counsel and when necessary, assist the proxy solicitor in helping to get the vote in. In short, we work tirelessly to give our client every possible advantage in the contest.

Activist Investments

Not all activist situations involve proxy contests; many require working behind-the-scenes on a private basis with a company's board, management and advisors. From the most prolific activist investor to the "occasional" or first-time shareholder, our team of highly skilled attorneys provides custom-tailored advice on all aspects of activist investments.

Olshan's Activist Practice Group represents activist investors in contested director elections and counsels clients on a wide variety of activist strategies, from proxy contests, consent solicitations and hostile takeovers to letter-writing campaigns and behind-the-scenes discussions with management and boards of directors. The Activist Practice Group has been involved in seeking Board representation at over 300 public companies, including many high-profile activist situations over the past several years.

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