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Article: Santa Monica Partners Wins Shareholder Injunction Against Management of Warwick Valley Telephone Company.
- Article from:
- PR Newswire
- Article date:
- April 27, 2006
CopyrightCOPYRIGHT 2006 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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Investment Firm Will Move Forward with Proxy Contest for Board Representation
LARCHMONT, N.Y., April 27 /PRNewswire/ -- Santa Monica Partners L.P., an investment firm established in 1982 and its principal, Lawrence J. Goldstein, today announced that a State Supreme Court of New York ruled in favor of their shareholder injunction to enjoin Warwick Valley Telephone Company from misusing an Advance Notice By-law to attempt to prevent Santa Monica from nominating -- and Warwick shareholders from voting for -- candidates for two seats on the board of directors. Warwick's board has a total of nine director seats.
As a result of the ruling, Santa Monica's ...