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Article Excerpt
The Blank Rome Shareholder Activism Group recently achieved a landslide victory for publicly-traded client, The Providence Service Corporation, in successfully defending Providence against a proxy contest brought by a dissident stockholder group that was seeking to oust Providence's Chairman and CEO from the Board of Directors and replace him and one other member of the Providence Board of Directors with their own nominees. The Providence Service Corporation, through its owned and managed entities, provides home and community based social services and non-emergency transportation services management to government sponsored clients under programs such as welfare, juvenile justice, Medicaid and corrections.
Providence, which has been a Blank Rome client since prior to its initial public offering in 2003, sought the assistance of the Blank Rome Shareholder Activism Group last...
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