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Article: U.S. Court of Appeals Affirms Dismissal of Ronson Corporation Lawsuit Against Steel Partners and Warren Lichtenstein.
- Article from:
- PR Newswire
- Article date:
- January 13, 2005
CopyrightCOPYRIGHT 2005 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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NEW YORK, Jan. 13 /PRNewswire/ -- Steel Partners II, L.P. ("Steel Partners") today announced that the United States Court of Appeals for the Third Circuit has affirmed a lower court ruling dismissing a lawsuit filed in 2003 by Ronson Corporation and its directors against Steel Partners and Warren Lichtenstein, alleging Steel Partners violated section 13(d) (3) of the Securities and Exchange Act of 1934 by failing to disclose the existence of an alleged group membership.
"We have consistently maintained that there was no merit to Ronson's claims," said Warren Lichtenstein, managing partner of Steel Partners. "We are pleased that the district court and the ...