Lion Point Capital Makes Headlines with Activist Campaign at Ally Financial

Firm News

The New York Times, BloombergReuters and numerous local and industry media publications have reported on the activist campaign of Olshan client Lion Point Capital at Ally Financial, one of the nation’s largest auto loan providers formerly known as GMAC.  Lion Point Capital is seeking representation on Ally’s Board of Directors and has also put forth a proposal that urges Ally’s Board to form a Strategic Alternatives Committee to explore value-maximizing opportunities including the sale of the bank in the event of consistent share price underperformance.  The New York Times article noted renewed calls — this time on the presidential campaign trail — to break up the big banks but also commented that Lion Point Capital’s campaign highlights the difficulties activists face in trying to shake up or split up a large, underperforming bank.  Steve Wolosky and Meagan Reda represent Lion Point Capital in connection with its activist campaign at Ally Financial.

Media Contact

Marketing Contact
Mizi Mehaj
Marketing & Administrative Manager

Jump to Page

Necessary Cookies

Necessary cookies enable core functionality such as security, network management, and accessibility. You may disable these by changing your browser settings, but this may affect how the website functions.

Analytical Cookies

Analytical cookies help us improve our website by collecting and reporting information on its usage. We access and process information from these cookies at an aggregate level.