JCP Investment Management Obtains Multiple Board Seats at Innovative Food Holdings

StreetInsider and other media sources reported on the agreement reached between Olshan client JCP Investment Management and Innovative Food Holdings, Inc. Pursuant to the agreement, two new independent directors, James C. Pappas of JCP Investment Management and Mark Schmulen, were appointed to the Board of Directors of Innovative Food Holdings. JCP Investment Management also has the right to designate an additional candidate to the Board in eighteen months as long as it maintains a certain ownership level. Steve Wolosky and Ryan Nebel represented JCP Investment Management in connection with its investment in Innovative Food Holdings.