Epiq, Villere Enter Settlement; Agree To Dismissal Of Pending Litigation

(RTTNews) - Epiq (EPIQ) announced that it has reached an agreement with St. Denis J. Villere & Company, L.L.C. regarding the composition of the company's Board and other matters including a resolution of a potential proxy contest and dismissal of the litigation pending between the companies.

Epiq will appoint Jeffrey Galgano, Barry LeBlanc and Gregory Share to its slate of directors for the 2016 annual meeting of shareholders, and three Epiq directors will retire from the Board effective December 31, 2016.

Villere has agreed to certain customary standstill provisions, will vote in favor of the Board's nominees and other proposals at Epiq's 2016 annual shareholder meeting, and will support any transaction meeting certain criteria and approved by the Board in connection with its strategic review.