Schulte Represents Fir Tree in Securing Board Seat at Ultra Petroleum

Schulte represented hedge fund manager Fir Tree Partners in connection with entering into a Cooperation Agreement and securing a Board seat at Ultra Petroleum Corp. Fir Tree’s Evan Lederman was named a new director of the board, and Fir Tree will work with Ultra Petroleum to find a replacement for its chairman and CEO, who has stepped down. Fir Tree owns about 20 percent of stock in Ultra Petroleum, a Houston-based oil and gas exploration and production company focused on developing its natural gas reserves in the Green River Basin of Wyoming.

The Schulte team that represented Fir Tree was led by Ele Klein, co-chair of the firm’s global Shareholder Activism Group, and included Brandon Gold and Daniel Goldstein.