Sidley Represents lululemon in Proxy Contest Resolution With Founder

Sidley represents lululemon athletica inc. (NASDAQ: LULU) in its proxy contest resolution with the company’s founder, Dennis J. “Chip” Wilson. A link to the press release is here. 

Sidley’s team was led by co-chairs of the firm’s Shareholder Activism and Corporate Defense practice Kai Haakon Liekefett and Derek Zaba. Andrea Reed and Katie LaVoy assisted on general securities law and governance matters. Corey Perry provided advice on executive compensation matters. Wendy Lazerson, Natalie Chan, and Katherine Roberts provided advice on employment matters. Vadim Brusser and Laura Collins provided advice on antitrust matters. Alex Kaplan and Charlotte Newell provided advice on litigation matters.

Sidley has been ranked No. 1 for Legal Shareholder Activism and Corporate Defense by Bloomberg, FactSet, LSEG, and Diligent since 2020. Sidley has also been ranked in Band 1 by Chambers USA in Corporate/M&A: Takeover Defense, stating that “Sidley Austin is the best in the business at activism defense work.” Similarly, The Legal 500 ranks Sidley in Tier 1 for Shareholder Activism – Advice to Boards, calling Kai Liekefett and Derek Zaba “two of the best lawyers in America.”

In the past five years, Sidley has represented companies in more than 150 proxy contests, several hundred activist campaigns, and dozens of settlements — more than any other legal defense practice in the world.