Entries tagged "ruling"
In news circles, there's always pressure to be the first to break a story. But isn't it always better to get the story straight? Witness this week's news on bankrupt Asarco LLC and a federal judge's decision that its parent, Grupo Mexico SAB de CV, committed fraud in a $785 million prepetition sale. ...
Railroad company CSX Corp. still refuses to seat two of four dissident director nominees, partly because the company hopes an appeals court ruling will disqualify a block of shares voted by the activist dissident investor Children's Investment Fund Management (UK) LLP. ...
When a federal appeals court on Monday dealt CSX Corp. a major setback by refusing to block activist investor The Children's Investment Fund from voting its stock at the company's annual meeting, it was easy to see that a pending proxy contest between the insurgent investor and railroad operator could become messy. The meeting and proxy contest took place Wednesday, and it looks like the messy prognosticators were right. ...
It looks like The Children's Investment Fund may be winning its battle over the future of railroad operator CSX Corp. But is the hedge fund losing the war when it comes to the future of its activist strategy?...
A federal judge late Wednesday ruled that two activist hedge fund managers violated Securities and Exchange Commission disclosure rules when buying large stakes in railroad operator CSX Corp. ...
