Lichtenstein revises restructuring plan for Steel Partners

Fri Mar 20, 2009




Warren Lichtenstein, founder of the activist firm Steel Partners, has revised the restructuring plan for his troubled $1.2 billion Steel Partners II fund after a lawsuit and deluge of investor complaints related to his proposed solution for handling redemptions. The fund, Lichtenstein’s flagship, lost 39% in 2008.

Late last year, after receiving redemption requests representing...

ISSN: 2151-1845 / CDC10004H

TAKE A FREE TRIAL

The full contents of this article are available to active AR subscribers and trialists only.

To continue reading please,
take a free trialsubscribe or log in to AR.

Subscribe

Subscribers have unlimited access to all current and archive content. Start your subscription today - click on the button below.

Subscribe now