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Article: U.S. Court Dismisses Ronson Suit Against Steel Partners.
- Article from:
- Business Wire
- Article date:
- January 6, 2004
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Business Editors
NEW YORK--(BUSINESS WIRE)--Jan. 6, 2004
The United States District Court has dismissed all federal and state claims brought by Ronson Corporation (Nasdaq:RONC) and its CEO, Louis V. Aronson against its largest independent shareholder, Steel Partners II, L.P.
Warren Lichtenstein, CEO of Steel Partners, said today, "We are gratified that the Court dismissed this case. Over the past five years, we have made numerous efforts to achieve meaningful corporate governance reforms at Ronson, as we do at other firms in which we invest. However, the company has resisted those efforts at every turn, and we believe Ronson's legal action was ...