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NEW YORK, Sep. 23, 2020 (Canada NewsWire via COMTEX) —
Issues Letter to Board Scrutinizing the Suitability of Lead Independent Director Dino Chiesa, Who Called Spruce Point’s Research “Baseless” and Retains “the Utmost Confidence in Management”
Highlights That Mr. Chiesa is Chairman of Sienna Senior Living (TSX: SIA), Which the Canadian Press Says is Under Criminal Investigation and Faces Hundreds of Millions in Lawsuits Stemming From COVID-19 Deaths
Questions Mr. Chiesa’s Ability to Function as GFL’s Lead Independent Director and Serve as a Check on Chairman and CEO Patrick Dovigi While Devoting his “Full Time” to Sienna
Reiterates a Strong Sell Research Opinion and Encourages Investors to Review Spruce Point’s 107-Page Report
NEW YORK, Sept. 23, 2020 /CNW/ — Spruce Point Capital Management, LLC (together with its affiliates, “Spruce Point”), a New York-based investment management firm that