Vintage Capital Threatens To Oust Most Of Red Robin's Board

Law360 (June 19, 2019, 7:35 PM EDT) -- Vintage Capital threatened Wednesday to oust five Red Robin directors, contending the burger chain's "unwillingness" to conduct a strategic review or respond to the private equity firm's $518.6 million purchase offer raises questions about the board's motivations.

Vintage Capital Management LLC, which is Red Robin Gourmet Burgers Inc.'s third-largest shareholder with a more than 11.5% stake, blasted the company's board for failing to take action after the private equity firm in a June 13 letter implored Red Robin to "promptly" start the strategic review process and indicated that, pending due diligence, it would itself offer $40 per share for the company....

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS