Activist Practice Advises Clients in Successful Consent Solicitation to Replace Majority of the Board of Directors of Teletouch Communications

WSJ’s Marketwatch covered the successful consent solicitation by Olshan clients Stratford Capital Partners, L.P. and Retail & Restaurant Growth Capital, L.P. to remove and replace a majority of the Board of Directors of Teletouch Communications, Inc. Stratford and RRGC effected the removal and replacement by delivering consents under Delaware law from stockholders representing more than two-thirds of Teletouch’s outstanding shares. Steve Wolosky, Andrew M. Freedman and Jason Soncini represented Stratford and RRGC in this matter.