PulteGroup founder hires lawyers to oust CEO

Boston

PULTEGROUP Inc's founder and largest stockholder hired lawyers from a shareholder-activism practice, a sign that he'll increase pressure to get Richard Dugas to step down immediately as the homebuilder's chief executive officer.

Bill Pulte retained Steve Wolosky and Aneliya Crawford, partners with Olshan Frome Wolosky LLP and members of its Activist & Equity Investment Practice. The practice has been involved in seeking board representation at more than 300 publicly traded companies, according to its website.