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Stock impact report

Law firm Cleary Gottlieb hires Alsheimer for activism practice [Yahoo! Finance Canada]

BlackLine, Inc. (BL) 
NASDAQ:AMEX Investor Relations: investors.blackline.com
NEW YORK, Dec 29 (Reuters) - International law firm Cleary Gottlieb Steen & Hamilton has hired an industry veteran to lead its shareholder ?activism defense practice as more law firms build out capabilities to ?protect clients facing corporate agitators. Sebastian Alsheimer is moving to Cleary as a partner from Wilson Sonsini ?Goodrich & Rosati, where he was also a partner, two sources familiar with the move said. He will be based in New York and will start in January. Cleary and Alsheimer did not immediately respond to requests for comment. At Cleary, Alsheimer will advise ?the firm's corporate clients, including ?3M, Honeywell and BlackRock, on engaging with activist investors as shareholder engagement and activism defense have increasingly become big business ?for law firms and banks. By hiring Alsheimer, Cleary is adding a partner who has represented companies battling corporate agitators and worked with activist investors planning corporate campaigns. He spent three ye Show less Read more
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