SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Allen-Vanguard Rescue Board
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: kidl who wrote (702)10/19/2010 4:19:29 PM
From: TreKewl  Read Replies (1) of 724
 
Nice job getting it corrected.

It now reads:

"Allen-Vanguard finally reached a privatization deal with Versa Capital in September 2009, but angry shareholders who said they were given no consideration in the transaction launched an $80-million class action lawsuit against the company and complained about its actions in buying Med-Eng.

The lawsuit against the company was disallowed by the Ontario Superior Court of Justice, and Allen Vanguard went private in late 2009.

However, Siskinds LLP, the counsel to the plaintiff in the above action, told OBJ in an e-mail that the suit against various company personnel is ongoing.

"The case remains pending against Mr. Luxton and other persons who were officers and directors of Allen-Vanguard at the time that the matters raised in the action occurred," Michael Robb, of Siskinds LLP, told OBJ."
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News