Epiq Systems Faces Battle With Shareholder http://ow.ly/VMCcr @EpiqSystems
One of the top shareholders at the eDiscovery provider Epiq Systems on Friday said that a proxy fight for control of the board, including litigation, looks imminent.
“We’d like to get our proposed slate [of candidates on the board], but there’ll be some litigation – I’m sure,” George Young, a partner at the investment fund St. Denis J. Villere & Co. told Big Law Business. “It would be a proxy battle.”
Young added, “This is an evolving situation. I would suggest you keep an eye on the news today and Monday.”
Based in Kansas City, Epiq Systems provides managed eDiscovery services, and also works on claims administration for class actions and bankruptcy cases. Through a spokeswoman, Epiq declined to comment.