Cadwalader Advises Pershing Square in Connection with its Investment in ADP

Aug 07, 2017

Cadwalader is representing hedge fund Pershing Square Capital Management in connection with its $4 billion investment in Automatic Data Processing, Inc. (NASDAQ: ADP). Pershing Square disclosed its 8% stake in the $50 billion provider of human resources software and announced its intention to run a proxy contest in order to elect a minority slate to ADP’s board in a Schedule 13D filed on August 7, 2017.

The Cadwalader team is led by corporate partners Richard Brand and Gregory Patti, and includes associates Nathan Bryce, Gaël Hagan and Christopher Porcelli, litigation chair Jason Halper, antitrust partner Amy Ray and antitrust counsel Ngoc Pham Hulbig.

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