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

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

Work Department

Shareholder Activism Practice     

Position

Partner, Co-Head

Career

A pioneer in shareholder activism, Steve spearheaded Olshan’s Shareholder Activism Practice more than 30 years ago. Today, he is one of the leading lawyers in the country advising hedge funds and investment partnerships on activist situations in the United States and worldwide. Steve advises on some of the most high-profile activist campaigns year-in, year-out. Steve’s recent representations have included Elliott Management at Twitter, AT&T, and EBay; Starboard Value at Papa John’s and AECOM; George Feldenkreis, founder and former Executive Chairman of Perry Ellis International, Inc., in his nomination of directors and successful unsolicited acquisition of Perry Ellis; and Engaged Capital at Benchmark Electronics. Most notably, Steve led the representation of Starboard Value on its “historic” full board victory at Darden Restaurants; H. Partners on its successful, precedent setting withhold campaign at Tempur Sealy; Starboard Value in its successful settlement at Yahoo!; and Elliott Management in its successful settlement at Arconic, Inc. In international news-making cases, Steve represented foreign clients who successfully obtained board representation for the first time in both Japan, South Korea and Israel. Steve has led over 650 proxy contests for board representation in his career.

Olshan’s Shareholder Activism Practice Group is widely recognized as the nation’s premier practice in representing activist investors in contested director elections. The Group is consistently ranked as the No. 1 legal advisor to activist investors by every league table and publication that covers shareholder activism, including Bloomberg’s League Tables, the FactSet SharkRepellant Activism Scorecard, Refinitiv Global Shareholder Activism Scorecard, Activist Insight Monthly and The Deal Activism League Table. In 2019, Olshan advised on a record number 105 campaigns according to Activist Insight Monthly. In addition, the Legal 500 United States 2019 guide to leading law firms and attorneys has named Olshan’s Shareholder Activism Practice as a Top Tier 1 Leading Firm in M&A/corporate and commercial: Shareholder Activism – advice to shareholders.

Steve advises clients in negotiating mergers and acquisitions and hostile takeovers of public companies. He has extensive experience representing public and private issuers of debt and equity securities, purchasers and sellers in mergers, stock and asset transactions, and investment funds in their formation, capital raising and investment transactions. Steve frequently counsels corporate clients in corporate planning and structuring activities, corporate governance matters, dealings with stock exchanges, and public company compliance matters.

Steve is regularly quoted as an industry expert in The Wall Street Journal, Reuters, The Deal, Law360, and in other notable media publications discussing important trends in shareholder activism. He also lectures at corporate and securities law conferences, and speaks on distinguished activist panels throughout the country.

Steve has been cited for his preeminence in shareholder activism and corporate and securities. According to Chambers USA, Steve is “the go-to guy, no question” when it comes to representing activists. Legal 500 US has recognized Steve as an elite Tier 1 “Leading Lawyer” in M&A/corporate and commercial: Shareholder Activism – advice to shareholders. In Best Lawyers in America, his clients are quoted as saying that “he possesses a deep understanding of both business and legal needs of the client.” In addition, he is Martindale-Hubbell AV (“Preeminent”) rated by his peers and consistently named to the New York Super Lawyers list since 2006.

Steve received his J.D. from Benjamin N. Cardozo School of Law and holds a B.A. from Brooklyn College of the City University of New York.

Languages

English, Hebrew

Memberships

Chairman of the Federal Law Enforcement Foundation

Education

Steve received his J.D. from Benjamin N. Cardozo School of Law and holds a B.A. from Brooklyn College of the City University of New York.

Lawyer Rankings

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

(Leading lawyers: Advice to shareholders)

Steve WoloskyOlshan Frome Wolosky LLP

The ‘thoughtful, creative, and extremely responsive‘ activist and equity investment team at Olshan Frome Wolosky LLP acts for the most prolific activist shareholders in the US. Kenneth Mantel  is noted for his involvement in activist campaigns on behalf of Elliott Management (of which the firm has been involved in ten to date). Building upon its history of success in proxy contests, and following on from its representation of Starboard Value in a significant proxy contest in 2020, the team represented Starboard in connection with its key proxy contest at Box, Inc in 2021.  Steve Wolosky is known as a pioneer in shareholder activism and is praised as ‘one of the most knowledgeable, accessible, and helpful lawyers in the activist space‘. He co-heads the team with Andrew Freedman, who has become the firm’s go-to advisor for newly launched activist investor firms. Elizabeth Gonzalez-Sussman is one of few women acting for hedge funds and other large investors in shareholder activist situations. Ryan Nebel advised a number of high-profile activists in 2021, including GameStop. All named practitioners are based in New York.