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June 27, 2017
Cadwalader is advising Marcato Capital Management LP, a San Francisco-based investment manager which manages funds that beneficially own approximately 6.0% of Deckers Outdoor Corporation, in connection with its investment in the company that makes Uggs boots.
On June 27, Marcato sent a letter to Deckers’ board of directors saying it is prepared to nominate a slate of director candidates to replace the entire Board if Deckers’ strategic review process does not culminate in a sale of the company at an attractive value to all shareholders. Deckers announced it had initiated a strategic review process in April 2017.
Cadwalader recently advised Marcato in its investment in and successful proxy contest against Buffalo Wild Wings.
The cross-practice Cadwalader team includes corporate partner Richard Brand and associates Melissa Solomon, Peter Bariso and Christopher Porcelli; antitrust partner Amy Ray and counsel Ngoc Pham Hulbig; and litigation partner Jason Halper, special counsel Jared Stanisci and associate Hyungjoo Han.