Baker Street Capital Reaches Agreement with Walter Investment Management for Board Representation

The Tampa Bay Business Journal and other local media sources reported on an agreement reached between Olshan client Baker Street Capital and Walter Investment Management.  Under the agreement, Walter Investment Management agreed to appoint Vadim Perelman, Baker Street’s managing member, to its Board of Directors. In addition, Walter Investment Management amended its existing shareholder rights agreement to permit Baker Street to acquire up to 25% of Walter’s outstanding shares. Steve Wolosky and Ryan Nebel represent Baker Street in connection with its investment in Walter Investment Management.