NEW YORK, Dec. 8, 2017 /PRNewswire/ -- Continuing to draw recognition for its work advising activist investors, Kleinberg Kaplan was ranked among the top activist law firms for 2017 by Activist Insight magazine.
The firm was cited as the fourth busiest legal adviser in Activist Insight's 2017 Intermediary Awards. Activist Insight noted Kleinberg Kaplan's role representing Viex Capital in its successful fight for a change in board control at leading data storage company Quantum. The magazine noted the firm's representation of leading activists in nine separate campaigns this year – Kleinberg Kaplan has been cited among the top advisers since the ranking began.
"It's gratifying to see that our ongoing efforts on behalf of an ever-expanding range of activist clients continues to be recognized, and that we've once again been highlighted as one of the most prolific advisers by Activist Insight," said Christopher P. Davis, chair of Kleinberg Kaplan's Investor Activism and Merger & Acquisitions Groups.
Activist Insight noted that "advisers were greeted with a bustle of activity in 2017…" with "an increase in the number of large-cap companies targeted by activists this year…" The rankings include campaigns against companies that were subjected to a public demand by an activist during 2017 (through November 30).
Mr. Davis predicts 2018 will be another busy year for activist investors, particularly in the small- and mid-cap markets. "You will always have companies who underperform peers and therefore stand out for engagement," he says.
Kleinberg Kaplan is a "pure play" activist law firm. The firm's clients include many activist hedge funds and other investors. Kleinberg Kaplan develops and helps execute innovative strategies to help investors achieve strategic goals, from the initial analysis of available options through the successful conclusion of activist campaigns. The firm has been involved in numerous successful proxy contests for its many activist clients. Practice leader Chris Davis frequently appears on television, at conferences and in print as an advocate for shareholder activism.
SOURCE Kleinberg, Kaplan, Wolff & Cohen, P.C.