Olshan Frome Wolosky LLP represented Alta Fox Capital Management in its first-ever activist campaign.
Alta Fox Capital Management reached an agreement with Collectors Universe Inc. pursuant to which Lorraine G. Bardeen was appointed to the company’s Board of Directors and as Chair of its newly-formed Strategy Committee, which is intended to explore business optimization opportunities and the expansion of technological capabilities.
In addition to Ms. Bardeen’s appointment, during Alta Fox’s engagement with the company four new directors and a new Chairman of the Board were appointed.
Collectors Universe, Inc. (NASDAQ: CLCT) is a leading provider of value-added authentication and grading services to dealers and collectors of collectibles. Alta Fox Capital Management, LLC, long/Short small and micro-cap focused hedge fund, owns approximately 5.4% of Collectors Universe’s outstanding shares.
Olshan represented Alta Fox with a team including Andrew Freedman (Picture), Sebastian Alsheimer, Arjun Karthikeyan and Lucas Wherry.
Involved fees earner: Sebastian Alsheimer – Olshan Frome Wolosky LLP; Andrew Freedman – Olshan Frome Wolosky LLP; Arjun Karthikeyan – Olshan Frome Wolosky LLP; Lucas Wherry – Olshan Frome Wolosky LLP;
Law Firms: Olshan Frome Wolosky LLP;
Clients: Alta Fox Capital Management;