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Southwest Plots Board Shakeup Amid Activist Pressure

Law 360

Southwest Airlines detailed plans Tuesday to overhaul its board of directors but stood by its chief executive, as the company faces pressure from Elliott Investment Management LP to make leadership changes.

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Crown Castle Founder Alleges Entrenchment Bid In Del. Suit

Law 360

sued the Texas company Wednesday in Delaware's Court of Chancery, seeking to invalidate a cooperation agreement between its board and activist investor Elliott Investment Management LP. The co-founder of cell tower operator Crown Castle Inc.

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Elliott Waives BioMarin Board Deal, Moots Del. Suit

Law 360

Elliott Investment Management LP has waived an agreement with BioMarin Pharmaceutical Inc. that gave the activist investor three new seats on the biopharmaceutical company's board, mooting a Delaware Chancery Court lawsuit that a BioMarin shareholder filed earlier this month.

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Ex-Citrix Chief Hit With Class Action Over $16.5B Sale

Law 360

stockholders accused the company's former CEO and chairman Robert M. billion sale of the cloud software company to Vista Equity Partners Management LLC and Elliott Investment Management LP affiliate Evergreen Coast Capital Corp. A proposed class of former Citrix Systems Inc.

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Retail Woes: A Running List of Fashion & Retail Bankruptcies

The Fashion Law

They were swiftly followed by a handful of additional filings by other retailers, signaling that there is no end in sight to the constant string of fashion and other retail companies struggling financially and looking to bankruptcies courts for protection from their creditors. ” As reported by the WSJ , the company’s U.S.

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