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Latham & Watkins Advises Healthcare Realty Trust in Cooperation Agreement With Starboard Value

December 9, 2024
Firm’s shareholder activism defense team represented the REIT in agreement resulting in three new independent board directors.

Healthcare Realty Trust Incorporated (NYSE:HR) announced that it has elected current director Tom Bohjalian as Independent Chair of the Board. It also announced that the Board has appointed three new independent directors with deep industry and leadership experience, David Henry, Glenn Rufrano, and Don Wood, effective immediately, in connection with a cooperation agreement with Starboard Value LP. 

Latham & Watkins LLP advised Healthcare Realty Trust in connection with the cooperation agreement with Starboard with a corporate team led by partners Christopher Drewry, Global Co-Chair of the firm’s Shareholder Activism & Takeover Defense Practice, and Julian Kleindorfer, Global Co-Chair of the firm’s REITs Industry Group, with associates Henna Jalal, Maya Rahwanji, and Jack DeMeulenaere. Advice was also provided on SEC disclosure matters by partners Michele Anderson and Alexa Berlin and on executive compensation matters by partner Michelle Carpenter and counsel Sara Schlau. 

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