JCP Investment takes Casella Waste to task
Here's the jist - the fund owns 5.7%. They've tried working with the board to no avail. The company has been working against JCP. Casella has underperformed for over a decade given the family-entrenched management team and supervoting Class B shares. There's been various related party transactions and possible under the table dealings. The fix is new management and governance overhaul. JCP has nominated board members and looks to wage a proxy battle.