Schulte successfully represented Trian Fund Management LP in its activism efforts to elect members to the board of Legg Mason Inc.
The campaign resulted in additional board seats, with Trian CEO and founding partner Nelson Peltz and Ed Garden named as directors.
Legg Mason, Inc. is a global asset management company. The Company, led by Peter H Nachtwey provides investment management and related services to institutional and individual clients, company-sponsored mutual funds and other pooled investment vehicles. The company, in 2018, recorded $2.903 billion revenues.
The Schulte team that represented Trian was led by partner and co-chair of the firm’s global Shareholder Activism Group Marc Weingarten and activism partner Aneliya Crawford. The team also included associates Brandon Gold, Daniel Goldstein and William Tevlin.
Involved fees earner: Aneliya Crawford – Schulte Roth & Zabel; Brandon Gold – Schulte Roth & Zabel; Daniel Goldstein – Schulte Roth & Zabel; William Tevlin – Schulte Roth & Zabel; Marc Weingarten – Schulte Roth & Zabel;
Law Firms: Schulte Roth & Zabel;
Clients: Trian Fund Management LP;