On January 3, 2020, Atlas Holdings LLC and Blue Wolf Capital Partners LLC announced that they have filed a definitive proxy statement with the Securities and Exchange Commission in connection with Verso Corporation's 2019 annual meeting of stockholders. Atlas Holdings and Blue Wolf stated that they have also sent a letter to stockholders outlining their concerns regarding the business performance and governance of the Company and why they view the election of their 3 nominees to the Board of Directors of the Company is necessary to ensure that the Company is run in the best interests of all stockholders. Atlas Holdings added that it has filed a lawsuit in the Delaware Court of Chancery to prevent further delays of the 2019 annual meeting of stockholders in violation of Delaware law and to obtain critical documents to ensure that all stockholders are capable of rendering an informed vote with respect to the proposed sale of the Stevens Point and Androscoggin mills. Atlas Holdings stated that it has previously requested all of this from the Company, which it has refused to produce.