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Article: Ramius Reminds Stockholders the Tollgrade Election Contest is About Three Incumbent Directors Who Have No Relevant Industry Experience and Who Have Presided Over Massive Losses in Stockholder Value.
- Article from:
- Investment Weekly News
- Article date:
- August 8, 2009
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RCG Starboard Advisors, LLC, a subsidiary of Ramius LLC (collectively, "Ramius"), today commented on the continuing misleading statements by Tollgrade Communications, Inc. (NASDAQ: TLGD), including those made in the press release issued on July 21, 2009.
Ramius notes that Tollgrade's recent press release touts the qualifications and relevant industry experience of the Company's two new directors, Charles E. Hoffman and Edward H. Kennedy, who were both appointed to the Board only after Ramius' intention to nominate directors was publicly disclosed. The Company completely ignores the real issues up for consideration in this election contest.
This election ...