Olshan Client Memento S.A. Makes Headlines Following Public Letter to Sears Holdings

Firm News

Crain’s Chicago Business, Chicago Tribune, Bloomberg and numerous other national media outlets reported on Memento’s public letter to the Board of Directors of Sears Holdings Corporation.  In its letter, Memento expressed concerns regarding historical patterns of short-selling activity in the Company’s shares and to ensure the Board is taking whatever actions may be required to curb similar short-selling issues that may arise in the future.  Memento, the investment management firm for the Spadone family in Switzerland, is seeking formation of an independent Equity Ownership Committee focusing on long term value creation for all shareholders, and recommends the Board consider strategic alternatives such as going private.  Olshan attorneys Andrew Freedman, Kyle C. Bisceglie, Adam H. Friedman and Adrienne Ward represent Memento in connection with its Sears investment.

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