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The Philadelphia Inquirer Reports on Crescendo Board Seat Win

May 9, 2008

Crescendo Partners settled its proxy dispute with Charming Shoppes after a Court found for the hedge fund. Crescendo obtained two board seats and an agreement that the existing board chair give up that role. Press reports included an extensive article in The Philadelphia Inquirer. The Olshan team that represents Crescendo includes Steve Wolosky, Andrew M. Freedman, Jason W. Soncini and Amanda S. Lamson. The litigation victory is described below in the news entry for May 1, 2008.