Andrew Freedman > Olshan Frome Wolosky LLP > New York, United States > Lawyer Profile

Olshan Frome Wolosky LLP
1325 AVENUE OF THE AMERICAS
NEW YORK, NY 10019
NEW YORK
United States

Work Department

ShareholderActivism Practice Group

Position

Co-Managing Partner and Chair, Shareholder Activism Practice

Career

Widely acknowledged nationally as preeminent in the shareholder activism arena, Andrew Freedman represents many of the most active and prominent activist investors and investment funds, as well as newly launched activist investment firms. A co-founder of Olshan’s Shareholder Activism Practice, he now leads Olshan’s top-ranked global Shareholder Activism Group.

Leading activist hedge funds and investors choose Andy to guide them in their shareholder activism campaigns, proxy fights, 13D filings, hostile takeovers, corporate governance matters, and engagements with public company management and boards of directors. Private equity firms also seek his counsel regarding “toehold” stakes, PIPEs, M&A strategies, and transaction negotiations, including offer letters, diligence, NDAs, and regulatory issues.

Andy has represented investors in hundreds of high-stakes, high-profile shareholder activism campaigns in the U.S., Canada, Europe, and Asia, helping clients replace more than 1,000 directors on public company boards and strengthening corporate governance and accountability in the process. An out-of-the-box strategic thinker, Andy finds solutions.

He has achieved landmark, precedent-setting proxy contest wins, including for Starboard Value in its historic full board victory at Darden Restaurants (the first-ever replacement of an entire board of an S&P 500 company). He was integral to H Partners’ seminal withhold campaign victory at Tempur Sealy, and advised Elliott Management in many of its successful campaigns, including at Arconic and Suncor Energy. He has delivered similar successful results for activist shareholders at Shutterfly, Alcoa, L Brands, Brink’s, Avon, and Newell Brands.

Andy’s skill in assessing the prospects for change and devising proxy campaign strategies gives clients a competitive edge regardless of campaign constraints. He is regularly praised as a tenacious adversary, a master strategist, and sophisticated in managing the myriad technical details of campaigns. A tactician of the highest order and aggressive in delivering results, Andy’s talent and reputation lend credibility and power to campaigns, ultimately resulting in highly successful outcomes.

Chambers USA has ranked him as a “Leading Lawyer” in Shareholder Activism and one of the top practitioners in the U.S. since 2017. The Legal 500 United States ranks him as a Tier 1 Leading Lawyer in M&A/Corporate and Commercial: Shareholder Activism-Advice to Shareholders. Under Andy’s leadership, Olshan is ranked the No. 1 legal advisor to activist investors by every league table and publication covering shareholder activism.

Quoted frequently as an authority in leading national publications and news outlets, like the Wall Street Journal, Andy is a sought-after speaker on activist panels throughout the U.S. and authors articles on shareholder activism for media and academic journals, including Harvard Law School Forum on Corporate Governance.

Education

Andy received his J.D. from Washington University School of Law, St. Louis and holds a B.S. from University of Michigan.

Lawyer Rankings

United States > M&A/corporate and commercial > Shareholder activism

(Leading lawyers: Advice to shareholders)

Andrew FreedmanOlshan Frome Wolosky LLP

According to one client, Olshan Frome Wolosky LLP‘s dedicated practice in New York is ‘quite simply the best and most experienced when it comes to shareholder activism’. The group is highly active, having advised on a wide range of activist campaigns, and the work is often cross-border, with matters taking place across jurisdictions such as Japan, Ireland, Canada, China, and the British Virgin Islands.The ‘intellectually agileAndrew Freedman runs the team alongside vastly experienced founding partner Steve Wolosky. Of the ‘seasoned lawyers that are practical and knowledgeable about all aspects of a campaign’, a standout name is Elizabeth Gonzalez-Sussman, who often represents and provides strategic guidance to hedge funds and other large investors in shareholder activist situations. Kenneth Mantel is another key lawyer in the team and is instrumental in the group’s work representing the most prolific and prominent activists in the market such as Elliott Management. Ryan Nebel regularly advises shareholders in connection with their strategies and investments.