HomeStreet’s Successful Proxy Contest against Roaring Blue Lion Capital

Sidley represented HomeStreet, Inc. (NASDAQ: HMST) in its successful proxy contest defense against activist hedge fund Roaring Blue Lion Capital.

The shareholders of HomeStreet voted to reelect all of the Company’s director nominees by more than 79% of votes cast. Shareholders also rejected Roaring Blue Lion’s proposal to separate the Chairman and CEO roles.

Sidley’s team was led by partner and chair of Sidley’s shareholder activism practice Kai Haakon Liekefett (Picture) and included partners Beth Berg and Thomas Kim as well as associates Jessica Wood, Kathy Wang, Robert Garritano, Steve Ahn and Immanuel Kim.

Involved fees earner: Steve Ahn – Sidley Austin LLP; Beth Berg – Sidley Austin LLP; Kai Haakon Liekefett – Sidley Austin LLP; Thomas Kim – Sidley Austin LLP; Immanuel Kim – Sidley Austin LLP; Ting Wang – Sidley Austin LLP; Jessica Wood – Sidley Austin LLP;

Law Firms: Sidley Austin LLP;

Clients: HomeStreet, Inc.;

Author: Ambrogio Visconti