Shareholders Back Olshan Client Land & Buildings in Proxy Contest at Taubman Centers
The Wall Street Journal, WWD and other media sources reported on the election victory by Olshan client, Land & Buildings, in its activist campaign at Taubman Centers. Jonathan Litt, Founder and Chief Investment Officer of Land & Buildings, was elected to Taubman Centers’ Board at the 2018 Annual Meeting to replace long-standing incumbent director William Taubman. Land & Buildings initiated its campaign at Taubman Centers in 2016, but was met with resistance along the way due to Taubman Centers’ dual-class voting stock structure, which concentrates ~30% of the voting power to the Taubman Family. Steve Wolosky and Meagan Reda represent Land & Buildings in connection with its investment and successful proxy contest at Taubman Centers.