Tom Barrack Wore Many Hats. Now Indictment Hangs Over His Head
Leading up to and during the presidency of Donald Trump, Tom Barrack, founder of investment firm Colony Capital Inc., sold Trump to skeptical Wall Street titans, lauded him at the Republican National Convention, helped lead his transition team, and raised $107 million as chairman of the inaugural committee that organized the celebrations marking Trump’s ascendance.…
Read MoreColony Capital Settles Dispute With Investor
Downtown-based real estate investment company Colony Capital Inc. and activist investor Blackwells Capital have reached a settlement in a monthslong dispute over Colony’s leadership and direction. The agreement calls for Colony and Blackwells to form a joint venture to buy Colony’s stock and prop up its share price. The company’s shares plunged more than 70%…
Read MoreColony Capital Reaches Cooperation Agreement with Blackwells Capital
LOS ANGELES–(BUSINESS WIRE)–Colony Capital Inc. (“Colony Capital” or the “Company”) (NYSE: CLNY) today announced that it has reached a cooperation agreement with Blackwells Capital (“Blackwells”), which owns approximately 2% of the Company’s outstanding common stock. Pursuant to the agreement, Colony Capital will nominate Jeannie Diefenderfer to stand for election to the Company’s Board of Directors…
Read MoreActivist Investor Renews Attack on Colony Capital
An activist investor has launched a fresh attack on Colony Capital’s chief executive Thomas Barrack Jr., criticizing his ‘terrible track record’ and ineffective leadership. Blackwells Capital, which owns a nearly 2% stake in investment firm Colony, published a letter Thursday accusing Barrack of overseeing the destruction of more than $7bn of shareholder value in recent…
Read MoreBlackwells Capital Issues Open Letter to Colony Capital Board of Directors, Calling for Removal of CEO Tom Barrack and Other Urgent Steps to Reverse Continued Value Destruction
NEW YORK, March 05, 2020 (GLOBE NEWSWIRE) — Blackwells Capital LLC (together with its affiliates “Blackwells”), an alternative investment management firm with ownership representing an approximately 2% interest in Colony Capital, Inc. (NYSE: CLNY) (“Colony” or the “Company”), today issued an open letter to the Company’s Board of Directors (the “Board”). Blackwells called on the…
Read MoreActivist Investor Renews Attack on Thomas Barrack’s Colony Capital
An activist investor has launched a fresh attack on Colony Capital Inc.’s chief executive Thomas Barrack Jr., criticizing his ‘terrible track record’ and ineffective leadership. Blackwells Capital LLC, which owns a nearly 2% stake in investment firm Colony, published a letter Thursday accusing Mr. Barrack of overseeing the destruction of more than $7 billion of shareholder value in recent…
Read MoreBlackwells Capital Calls Upon Colony Credit to Respond to Blackwells’ Letter
NEW YORK, Feb. 27, 2020 (GLOBE NEWSWIRE) — Blackwells Capital LLC (together with its affiliates “Blackwells”), an alternative investment management firm and a significant owner of shares of Colony Credit Real Estate, Inc. (NYSE: CLNC) (“Colony Credit” or the “Company”) directly and indirectly through its ownership of Colony Capital, Inc. (NYSE: CLNY) (“Colony Capital”), today…
Read MoreTom Barrack’s Colony Is Said to Sell RXR Realty Stake to Dyal
Colony Capital Inc. has sold its stake in New York real estate firm RXR Realty to Neuberger Bergman’s Dyal Capital Partners, according to people with knowledge of the matter. The transaction has closed, said the people, who requested anonymity because it hasn’t been made public. Representatives for Dyal, Colony and RXR declined to comment. READ…
Read MoreBlackwells Capital Issues Open Letter to Colony Credit Board of Directors in Response to Value Destruction and Mismanagement
NEW YORK, Dec. 09, 2019 (GLOBE NEWSWIRE) — Blackwells Capital LLC (together with its affiliates “Blackwells”), an alternative investment management firm which owns shares of Colony Credit Real Estate, Inc. (NYSE: CLNC) (“Colony Credit” or the “Company”) directly and indirectly through its ownership of Colony Capital, Inc. (NYSE: CLNY) (“Colony Capital”), today issued an open…
Read MoreA Trump Ally with Links to Jeffrey Epstein, Harvey Weinstein, and Michael Jackson was Just Called Out by an Activist Investor
Tom Barrack’s links to the Mueller investigation and ties to Michael Jackson, Harvey Weinstein, and Jeffrey Epstein were thrust into the spotlight on Tuesday after an activist investor published a scathing letter calling for his resignation as CEO of Colony Capital. Blackwells Capital detailed a laundry list of Barrack’s alleged shortcomings, from his iron grip…
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