Casablanca Capital Founder Drapkin Dies In Ski Accident

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Casablanca Capital Founder Drapkin Dies In Ski Accident

Donald Drapkin, chairman of activist hedge fund Casablanca Capital, has died aged 67 following a ski accident in Aspen, Colorado.

Drapkin famously feuded with Ronald Perelman, his former business partner. He was admitted to hospital following a ski accident suffered on February 15, and later died as the result of a brain injury, according to Bloomberg.

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Former Casablanca Capital chairman won huge settlement against Perelman

Under his leadership the New York-based firm Casablanca pushed for turnarounds at iron-ore producer Cliffs Natural Resources Inc. and electronics company Mentor Graphics Corp. In 2012 Drapkin won $16 million as the result of a breach of contract dispute with MacAndrews & Forbes Holdings Inc., his former employer.

Drapkin sued Perelman’s company in 2009 for violating a separation agreement. He claimed he