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Wolosky Helps Steel Partners Win Aderans Board Seat

June 30, 2008

The Financial Times ran an article regarding our client, Steel Partners Japan, and its win of a board seat on Aderans' board. Steel Partners Japan is Aderans' largest shareholder and led the movement previously to defeat the incumbent board's re-election in May 2008. This board seat win is the first time that a foreign investment fund has succeeded in both ousting the management of a Japanese company and having one of its own representatives join the board. Steve Wolosky and Kenneth M. Silverman represent Steel Partners Japan in the Aderans matter.

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