Fir Tree Securing Board Seat at Ultra Petroleum


Schulte represented hedge fund manager Fir Tree Partners in connection with entering into a Cooperation Agreement and securing a Board seat at Ultra Petroleum Corp.

Fir Tree’s Evan Lederman was named a new director of the board, and Fir Tree will work with Ultra Petroleum to find a replacement for its chairman and CEO, who has stepped down.

Fir Tree owns about 20 percent of stock in Ultra Petroleum, a Houston-based oil and gas exploration and production company focused on developing its natural gas reserves in the Green River Basin of Wyoming.

Fir Tree Partners is a privately owned hedge fund sponsor. The firm , led by Jeffrey David Tannenbaum, Donald Patrick McCarthy, Ben Ghriskey, Andrew David Fredman and David M. Sultan, primarily provides its services to pooled investment vehicles.

The Schulte team that represented Fir Tree was led by Ele Klein (Picture), co-chair of the firm’s global Shareholder Activism Group, and included Brandon Gold and Daniel Goldstein.

Involved fees earner: Eleazer Klein – Schulte Roth & Zabel; Brandon Gold – Schulte Roth & Zabel; Daniel Goldstein – Schulte Roth & Zabel;

Law Firms: Schulte Roth & Zabel;

Clients: Fir Tree Partners;

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Author: Ambrogio Visconti