Olshan clients David Richmond, chairman of wealth management firm Richmond Brothers Inc., and investor Mark Ravich, got one step closer to securing a seat for the latter on Rockwell Medical Inc.’s board of directors.
Richmond, Ravich, and their affiliates, who own 11.7 percent of the biopharmaceuticals company’s outstanding common stock, won a decision last week by U.S. District Judge Robert Cleland that prevents Rockwell from blocking Richmond and Ravich from soliciting shareholder votes prior to the shareholders’ annual meeting on June 1. Richmond Brothers Inc. is represented by Olshan Litigation attorneys Thomas Fleming (Picture) and Brian Katz. Richmond Brothers has announced that the preliminary tally from the annual meeting shows that Mark Ravich was elected with overwhelming shareholder support.
Law Firms: Olshan Frome Wolosky LLP;
Clients: Richmond Brothers Inc.;