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Article: Leading Black-Owned Company Rejects Claims Of Milken-Group Suit
- Article from:
- The New York Beacon
- Article date:
- June 17, 1994
- Author:
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Peter Alan Harper
New York Beacon, The
06-17-1994
Leading Black-Owned Company Rejects Claims Of Milken-Group Suit.
A lawsuit against the nation's largest blackowned firm is an attempt by an investor group founded by convicted financier Milken to intimidate its management, the company claims.
Since last fall, the Carlton Investments partnership has tried to change the direction of TLC Beatrice International Holdings Inc., its in-house counsel, Kevin Wright, said Thursday. In December, he said, Carlton sought to have the company go public.
The Carlton group on Wednesday filed suit in Delaware Chancery Court in Delaware, where TLC Beatrice is incorporated, and claimed management is wasting its ...