Investor files suit against First Marathon over sale

Article Abstract:

First Marathon Inc shareholder Stephen Epstein has filed a $300 million class-action lawsuit against the brokerage firm and its 13 directors for allegedly failing to negotiate a higher price in its sale to National Bank of Canada. The lawsuit claims that the purchase price of $712 million is only 1.7 times book value and is much lower than the sale prices of other brokerage firms. It also alleges that the $26 per offer share was lower than the share price of Marathon in the days before the acquisition was announced.

Securities Brokerage, Stockholder data, First Marathon Inc.

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Hollinger investor files suit to see documents

Article Abstract:

Cardinal Value Equity Partners LP files a suit, demanding to see internal documents from Hollinger International Inc.

United States, Legal issues & crime, Investment Offices, Investment Companies, Open-End Investment Funds, Investment Funds & Trusts, Legal/Government Regulation, HOLDING AND OTHER INVESTMENT OFFICES, Company legal issue, Cases, Newspaper publishing, Hollinger International Inc., HLR, Cardinal Value Equity Partners L.P.

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