Legion Partners Asset Management LLC, Macellum Advisors GP LLC and Ancora Advisors LLC launched a proxy fight to replace Bed Bath & Beyond’s entire board

Olshan advised on the proxi contest

Bed Bath & Beyond Inc. operates a nationwide chain of retail stores. The company in 2018, recorded $12.028 billion revenues.

The three activist funds together control about 5% in Bed Bath & Beyond and obtained the retailer to replace CEO Steven Temares.

Steve Wolosky (Picture), Elizabeth Gonzalez-Sussman, Shawn Fateh and Arjun Karthikeyan successfully represented Legion Partners, Macellum Advisors and Ancora Advisors in connection with its activist campaign at Bed Bath and Beyond.

Involved fees earner: Shawn Fateh – Olshan Frome Wolosky LLP; Elizabeth Gonzalez-Sussman – Olshan Frome Wolosky LLP; Steve Wolosky – Olshan Frome Wolosky LLP;

Law Firms: Olshan Frome Wolosky LLP;

Clients: Ancora Advisors, LLC; Legion Partners Asset Management; Macellum Advisors, LP;

Author: Ambrogio Visconti