FrontFour Capital Group LLC, a Connecticut hedge fund, has launched an effort to shake up the board of embattled advertising company MDC Partners Inc. The hedge fund, which owns roughly 5.3% of MDC, sent a letter to the ad firm calling for a special meeting of its board to replace three of its eight directors, according to people familiar with the matter.

Source: Wall Street Journal January 02, 2019 17:26 UTC