Sandell To End Suit After Bob Evans Reverses Bylaw Changes

Law360, Wilmington (January 30, 2014, 2:21 PM EST) -- Activist investor Sandell Asset Management Corp. indicated Wednesday that it plans to drop its suit against Bob Evans Farms Inc. after the restaurant chain and food maker reversed a bylaw change that the shareholder claimed squashed stockholders' voting rights.

But while the lawsuit in Delaware Chancery Court could be soon in the dustbin, Sandell, which has been trying to pressure Bob Evans to change its business strategy for months, added that it still wants to see the company make a fundamental change in course and curb...
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