Atlas And Blue Wolf Outline Urgent Need For Their Three Highly Qualified, Independent Directors To Help Fix Verso StartFragment Vote on the BLUE Card for the Election of Tim Lowe, Sean Erwin and Jeffrey Kirt GREENWICH, Conn. and NEW YORK, Jan. 28, 2020 /PRNewswire/ -- Lapetus Capital II LLC (together with its affiliates, "Atlas"), along with other participants in its solicitation, including BW Coated LLC (together with its affiliates, "Blue Wolf"), is the beneficial owner of approximately 9.43% of the outstanding common stock in Verso Corporation (NYSE: VRS, the "Company" or "Verso"). Atlas and Blue Wolf today outlined several critical reasons why stockholders need to act decisively to prote
In 2019 alone, our research found over 80 policy reforms that require or encourage responsible investment. In the past month we have seen stewardship codes proposed or revised in India and Japan. We expect these trends to continue in 2020. While it's two steps forwards in many markets, it's one step backwards in the US. Of particular concern to the PRI are policy proposals by the SEC on shareholder ownership and re-submission thresholds. At the time of writing, 143 PRI signatories have signed our statement opposing the proposals. The deadline is Friday - if your firm hasn't signed, we'd encourage you to do so.
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he U.S. Securities Exchange Commission is trying to change the rules that govern shareholder proposals and sustainable finance luminaries are pushing back. In November, the independent federal government agency whose stated mission is to “protect investors, maintain fair, orderly, and efficient markets, and facilitate capital formation” announced that it would be toughening the rules surrounding shareholder resolutions – a critical legal tool available to activist shareholders looking to propose corporate changes. The following is a letter signed by a number of pension and sustainable finance experts challenging the silence from large institutional investors surrounding the rule change. As
For all the lip service that corporate executives pay to the principle of honoring shareholder rights and interests, it’s not uncommon for them to signal that their lives would be easier if they didn’t have to deal with busybody investors. That’s the subtext of a pair of rules the Securities and Exchange Commission is pondering that would “limit public-company investors’ ability to hold corporate insiders accountable,” according to SEC Commissioner Robert J. Jackson Jr. So said Jackson, one of the two Democratic members of the commission, when he voted against the proposed rules in November. The SEC majority doesn’t see the rules the same way. It describes the rules as “modernizing” the proc
The AFL-CIO Housing Investment Trust (HIT) is providing financing of over $68.2 million for two new projects in the Boston area. The two projects will create over $113 million of development in the City of Boston, generating 211 units of housing and creating over 927 million hours of union construction work. Like all HIT construction-related investments, both projects will be built using 100% union labor. The two projects will be 100% affordable, utilizing 4% and 9% Low Income Housing Tax Credits. Cote Village The $49 million development of Cote Village will be comprised of 76 units and is the redevelopment of the former Cote Ford dealership in Mattapan into residential rental housing and re
Blue Wolf Capital Partners LLC ("Blue Wolf"), the New York-based private equity firm, today announced that Glenn Cummins has joined the firm as Chief Operating Officer. Mr. Cummins previously served as Co-Chief Operating Officer, Chief Financial Officer, and Chief Compliance Officer of Star America Infrastructure Partners – a private equity fund specializing in large scale infrastructure investing. "We are thrilled to welcome Glenn Cummins to the Blue Wolf team," said Adam Blumenthal, Managing Partner of Blue Wolf. "With an impressive background in private equity/alternative investments and finance, Glenn brings leadership and experience to Blue Wolf, as we build out our ESG capabilities and
William Greider, an editor and author known for a contrarian skepticism of prevailing political and economic policy in his writings at magazines, newspapers and books, died Dec. 25 at his home in Washington. He was 83. The cause was congestive heart failure, said his son, Cameron Greider. Mr. Greider was the author of eight books with such anti-establishment-sounding titles as “Secrets of the Temple: How the Federal Reserve Runs the Country,” “Who Will Tell the People?: The Betrayal of American Democracy” and “One World, Ready or Not: The Manic Logic of Global Capitalism.” He worked at The Washington Post from 1968 to 1982, as a reporter, then editor of the Outlook section and lastly as assi