Covington, Schulte on Hand as SandRidge Makes Peace with Activist Hedge Fund

, The Am Law Daily


Covington & Burling and Schulte Roth & Zabel helped end a four-month battle for control of SandRidge Energy less than a week after an adverse ruling in a Delaware court reached a settlement with hedge fund TPG-Axon Capital Management that paves the way for new management at the embattled oil and gas exploration company. The proxy fight is the latest example of activist shareholders—and their lawyers—flexing their muscle.

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