Our attorneys have wide-ranging experience over many years in the corporate governance arena. As a result of this expertise, our lawyers have been helping clients cope with the array of legislative and regulatory responses coming out of the U.S. Congress, the U.S. Securities and Exchange Commission and major U.S. stock exchanges.
Elliott Management and Compuware Reach Agreement
- Client News
- January 9, 2014
As reported by Bloomberg, The Deal and other media outlets, Paul, Weiss client Elliott Management reached a successful resolution of its year-long dispute with Compuware Corporation. Compuware agreed to give Elliott, which holds an approximate 8.2 percent stake in the company, two board seats (in addition to the appointment of two other directors supported by Elliott in November 2013) in exchange for Elliott's support of Compuware's nine incumbent director nominees. As part of the settlement agreement, Compuware also agreed to establish an advisory committee for the purpose of advising on and recommending to the Compuware board strategies to enhance the company's value, and Elliott agreed to certain limited standstill obligations. Compuware, a provider of services, software, and practices for information technology organizations worldwide, has a market capitalization of more than $2.3 billion.
The Paul, Weiss team included corporate partners Jeffrey Marell and Robert Schumer; and litigation partner Leslie Fagen.
