Vinson & Elkins’ Top-Ranked Shareholder Activism practice leverages the experience of our top-tier Corporate, Securities, and Litigation practices to defend companies facing the rising tide of shareholder activism.
Our Shareholder Activism practice represents public
companies across all industries and market capitalizations in defending against
a wide array of shareholder activism campaigns, including proxy contests, vote
no campaigns, hostile takeover attempts, merger contests, short attacks and
other activist challenges. Over the past five years, members of our practice
have led over 100 activism campaign defense engagements. In addition, one of the leaders of
our practice previously spent several years at one of the leading law firms
focused exclusively on representing activists. As a result, our clients are
able to leverage our extensive experiences with both the company-side’s and the
activists’ playbooks to develop cutting-edge defense strategies. We also work
with select investors on activism campaigns and strategic “white squire”
investments in public companies facing shareholder activism threats.
Shareholder activism campaigns can last for many months and
require daily attention to deal with activist tactics such as press releases,
fight letters, SEC filings, regulatory relations and litigation. Our
Shareholder Activism practice takes an integrated approach to address our
clients’ issues throughout campaigns, working closely and seamlessly with
leading investment banks, boutique advisory firms, proxy solicitors, public
relations firms, private investigators, among others.
Our Shareholder Activism practice also works with companies
in “peace time,” preparing them for shareholder activism by assessing and
enhancing their organizational documents and corporate governance practices,
and providing counsel on strategic relations with institutional and retail
investors and proxy advisory firms. Additionally, our Shareholder Activism
practice has pioneered a market-leading skill in recovering activism prep and
defense costs under our clients’ D&O insurance policies.
We also proudly devote considerable time to increasing
gender and ethnic diversity in boardrooms and management suites throughout
corporate America through hosting conferences, roundtables and continuing
education seminars in partnership with national organizations that promote
these important causes.