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Freedman Quoted in Separate Law360 Articles on H Partners’ Historic Proxy Contest Victory at Tempur Sealy

May 11, 2015

Olshan Activist Practice Partner Andrew Freedman was quoted extensively in two separate Law360 news articles on H Partners’ “precedent-setting” proxy contest victory against Tempur Sealy International. In a story looking at what this proxy contest could mean for future proxy battles, Freedman said, “I think this is going to resonate with both activist investors and public companies.”  He continued, “It's a watershed moment with regard to these types of withhold campaigns in the sense that it really does represent the first instance in which a vote against has led to such far-reaching and sweeping change at a public company.”  In the other Law360 story regarding H Partners’ campaign, Freedman called the news a “monumental outcome for shareholder activism and shareholder democracy,” stating that “never before has a ‘withhold’ or ‘vote against’ campaign directly led to this level of immediate and significant leadership and board change at a public company.”  According to Freedman, “We are indeed witnessing firsthand the ‘rise of the referendum’ as a potent tool for activist investors.”

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