JCP Investment Management’s Agreement with Crius Energy Trust on Board Changes and Governance Improvements


Olshan advised JCP Investment Management on the negotiation

JCP Investment Management Reaches an Agreement with Crius Energy Trust pursuant to which Ali Hedayat will be nominated for election to Crius’ board of directors at its upcoming annual and special meeting.

As part of the agreement, Crius agreed to include and support certain governance related proposals in its information circular and intends to form a Strategic Operating Committee.

Crius Energy Trust through its subsidiaries is an independent Energy Retailer that markets and sells electricity and natural gas to residential and small to medium-size commercial customers in the United States. The Company, led by Michael J Fallquist, in 2017 recorded $1.137 Billion revenues.

Olshan advised JCP Investment Management with Steve Wolosky (Picture) and Ryan Nebel.

Involved fees earner: Steve Wolosky – Olshan Frome Wolosky LLP; Ryan Nebel – Olshan Frome Wolosky LLP;

Law Firms: Olshan Frome Wolosky LLP;

Clients: JCP Investment Management, LLC;

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Author: Ambrogio Visconti