Oaktree Capital Management L.P. Reaches Agreement with Indivior PLC for Board Representation

Bloomberg Law reported on Olshan client Oaktree Capital Management L.P.’s entry into a relationship agreement with Indivior PLC (Nasdaq/LSE: INDV), pursuant to which the company agreed to appoint two new independent non-executive directors, Robert Schriesheim and Joe Ciaffoni, and to make certain other changes to the Board and its committees. Shareholder Activism partner Kenneth Mantel led the Olshan team that represented Oaktree Capital Management L.P., which included Chair Emeritus of the firm’s Shareholder Activism Practice Steve Wolosky and associate Andrew Astore.