Partner Phillip Goldberg is quoted in a Valuewalk
article, “Activists in REITs See A New Theme – Dual Class Shares
,” about the response he drafted on behalf of Roaring Blue Lion Capital Management to the decision last week by the Washington-based bank to invalidate the activist’s two nominees to its board of directors.
“As discussed below, the Supreme Court of Washington believes that the right to vote for directors is so important that it cannot be annulled for technical reasons,” Goldberg wrote. “In other words, the Comment Letter is nothing more than an attempt by the company to disenfranchise shareholders’ voting rights and impede Blue Lion OMF [the activist’s fund]’s solicitation of proxies, based on inaccurate technicalities.”