On March 10, 2026, BlackLine announced that it entered into a cooperation agreement with Engaged Capital. Under this agreement, BlackLine appointed Storm Duncan and Megan Prichard to its board of directors, and Engaged Capital agreed to various restrictions on its activities at BlackLine. Wilson Sonsini Goodrich & Rosati advised BlackLine on the cooperation agreement.

This is a continuation of Wilson Sonsini’s long relationship with BlackLine. Among other matters, Wilson Sonsini advised BlackLine on its IPO, on various capital-raising transactions (including a convertible notes offering), and on multiple M&A transactions. 

The cross-functional Wilson Sonsini team that advised BlackLine on the cooperation agreement includes:

Corporate (Including Shareholder Engagement and Activism)
Katie Martin
Martin Korman
Rich Mullen
Lisa Stimmell
Doug Schnell
Ross Tanaka
Brian Chan
Madisyn Klein
Sean Donohue

Delaware Matters
Brad Sorrels
Dan Iqbal

For more information, please see BlackLine's news release.