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June 18, 2020
Cadwalader advised Bow Street LLC on its successful effort to add eight directors to the board of Mack-Cali Realty Corporation. Following a several-months proxy contest, the parties entered into a transition agreement the day of the annual meeting providing for the appointment of Bow Street's entire slate to the company's board.
This marks the fifth time in the past year that a Cadwalader client successfully replaced the majority of a company's board of directors — at Avis Budget Group, Avianca Airlines, Aramark, USA Technologies, and now Mack-Cali.
Founded in 2011, Bow Street is a New York-based investment manager that partners with institutional investors and family offices globally to invest opportunistically across public and private securities.
One of the country's leading real estate investment trusts (REITs), Mack-Cali Realty Corporation is an owner, manager and developer of premier office and multifamily properties in select waterfront and transit-oriented markets throughout New Jersey. Mack-Cali is headquartered in Jersey City, New Jersey.
The Cadwalader team was led by Corporate co-chair Richard Brand and includes Corporate partner Greg Patti, special counsel Nick Ramphal, and associates Shawn Fateh and Frank Bozzi, and Litigation partner Jonathan Watkins.
