CommonWealth Zings Zell Amid Proxy Battle

Law360, New York (March 13, 2014, 4:13 PM EDT) -- CommonWealth REIT, which is in the midst of a hostile takeover effort by a pair of management firms, responded Thursday to revelations that surfaced earlier this week, claiming new information about real estate investor Sam Zell's holdings constitutes conflict of interest.

On Monday, Jeff Blau, CEO of Related Fund Management LLC and Corvex Management LP, the two New York-based companies attempting to remove the entire CommonWealth board, said in a television interview that Zell, who's a part of the takeover effort, had motivation to join the...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.