Lion Point Capital Makes Headlines After Driving Board and Governance Changes at Ally Financial

Firm News

The Wall Street JournalReuters  and other media sources reported that Ally Financial, one of the nation’s largest auto loan providers committed to certain Board and corporate governance changes following engagement with Olshan client Lion Point Capital. Ally Financial agreed to appoint a new independent director in consultation with Lion Point Capital and other large shareholders, bringing the Board size to 12. Additionally, the Ally Financial Board amended the company’s bylaws to permit shareholders with a 25% stake to call a special meeting. Lion Point Capital further endorsed moves by Ally Financial to better align executive compensation with the company’s performance and announce new initiatives to drive value creation over the long term. The Wall Street Journal noted these changes add significant value to Ally Financial that, both Ally Financial and Lion Point Capital agree, is not reflected in the stock price. 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.