Wachtell, Lipton, Rosen & Katz maintains a preeminent shareholder activism practice, advising boards and senior management on ESG positioning, corporate purpose, and shareholder engagement strategy. The team is regularly engaged on activism preparedness, investor outreach, and defense against public campaigns, including contested proxy solicitations, settlement negotiations, and board reconstitution matters. The practice is led by New York-based Elina Tetelbaum, a trusted advisor to CEOs, general counsel, and boards on complex proxy contests and unsolicited bid defenses, including overall campaign coordination and negotiation strategy. Loren Braswell focuses on investor engagement and crisis response mandates arising from activist pressure. The group acts across the oil and gas, technology, chemicals, retail, and TMT sectors.
Legal 500 Editorial commentary

Key clients

  • Phillips 66
  • Match Group
  • IAC
  • PagerDuty
  • United States Steel Corporation
  • Ingevity
  • Warner Bros. Discovery
  • Pacira BioSciences
  • Sun Communities
  • LKQ Corporation
  • Macy's, Inc.
  • Barnes Group
  • Upwork Inc.
  • Masonite
  • Pfizer
  • Penn Entertainment
  • CVS Health
  • Twilio Inc.
  • Global Payments Inc.
  • Navitas Semiconductor Corporation

Work highlights

Advised Phillips 66 in the election of directors following a proxy contest initiated by Elliott Management.
Advised LKQ Corporation in entering into a cooperation agreement with Ancora and Engine Capital in connection with shareholder activism.
Advised United States Steel Corporation in its successful defence against a proxy contest launched by Ancora.

Lawyers

Leading lawyers: Advice to boards

The strongest partners in their field, leading on market-leading deals and endorsed by peers and clients alike.

Elina Tetelbaum
Elina Tetelbaum
Practice head

Elina Tetelbaum

Other key lawyers

Loren Braswell