Epiq defuses takeover battle in settlement with New Orleans investors

Epiq Systems Inc. announced Tuesday that it reached a settlement agreement with New Orleans-based investor group St. Denis J. Villere & Co. LLC, putting an end to a legal battle over the composition of the company’s board of directors.

Under the terms of the agreement, Epiq will appoint three new Villere-sponsored directors to its board:

  • Jeffrey Galgano, who is CFO of Dallas-based Tidel Engineering LP and has experience advising on mergers and acquisitions
  • Barry LeBlanc, who is a serial entrepreneur with experience implementing strategic business plans to position a company for merger or acquisition
  • Gregory Share, who is a director at four companies and has more than 20 years experience in private equity

To accommodate the new board members, Epiq agreed to expand its board to 12 members through Dec. 31. The board will return to nine members on Jan. 1, 2017, when three current Epiq directors — who have not been disclosed — will retire from the board.

Epiq declined to comment any further than a press release that was issued on the matter.

Read more: Kansas City Business Journal, Kansas City Star

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