Case Studies
Case Studies
“In illuminating the case of United American Healthcare Corporation (NASDAQ: UAHC), we have ... nothing subtle or thought-provoking. Instead, we find a situation that has just about every egregious and shameful example of board and management deceit and incompetence that a hardened activist can think of. This one has everything...”
This situation features some distinctive attributes of an activist situation:
•shows how one works from start to finish
•illustrates how a special meeting can compel action
•what an investor does after it prevails over incumbent management.
Besides serving as a remarkable example of shareholder resolve, Take-Two
Interactive illustrates neatly how an exempt proxy solicitation works.
A frustrated investor restructures a BoD in a little over a month, using a consent solicitation.
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