Kirkland Represents Lee Enterprises on Second Successful Ruling Against Hostile Bidder Alden Global Capital
Kirkland & Ellis secured a second significant victory in the Delaware Chancery Court for Lee Enterprises, Incorporated (NASDAQ: LEE), a leading provider of local news and information and a major platform for local advertising with an over 125-year history. In an expedited hearing held just three days after Alden Global Capital LLC filed a lawsuit challenging the applicable voting standard at Lee’s 2022 Annual Meeting, the Court denied all of the motions brought by Alden, which were aimed at delaying Lee’s 2022 Annual Meeting. The initial ruling, delivered just two weeks ago, upheld Lee’s rejection of Alden’s attempted proxy fight nominations made in support of its hostile offer for Lee.
The Kirkland team was led by litigation partners Stefan Atkinson and Byron Pacheco and associate Brittney Nagle and corporate partners Sarkis Jebejian, Shaun Mathew and David Perechocky and associate Evan Johnson.
