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Pastimes : Investment Chat Board Lawsuits -- Ignore unavailable to you. Want to Upgrade?

To: Done, gone. who wrote (9794)	9/21/2006 4:47:32 PM
From: Done, gone.	Read Replies (1) \| Respond to of 12467

Laddcap's Consent Solicitation is Not over: Continue to Support Positive Change by Voting Your Blue Consent Cards Today Thursday September 21, 4:10 pm ET NEW YORK--(BUSINESS WIRE)--Sept. 21, 2006--Laddcap Value Partners ongoing consent solicitation, to remove and replace Delcath Systems, Inc.'s (Nasdaq: DCTH - News) existing Board of Directors, continues, despite what Delcath's earlier press release and recent market rumors would have you believe. ADVERTISEMENT Yesterday, the District Court delayed the hearing on Delcath's motion for a preliminary injunction until October 2, 2006. It did NOT decide the lawsuit in Delcath's favor. It is as important as ever for stockholders to vote their BLUE Consent Cards. The District Court's order currently only prohibits Laddcap from delivering the consents to Delcath, taking any actions based on them, or publicly disclosing the vote. However, today Laddcap filed a motion with the United States Circuit Court of Appeals for the Second Circuit for emergency relief to have the District Court's order modified to allow Laddcap to deliver all stockholders consents by Monday, September 25. If Laddcap is granted the relief it seeks in its appeal, then all BLUE Consent Card votes will be submitted, and they will count, unless Delcath wins its lawsuit. Laddcap is committed to allowing the voice of Delcath's stockholders to be heard, as reflected in the consents, and not to allow Delcath's litigation tactics to interfere with the will of the stockholders. Despite Laddcap's ability to remove and replace Delcath's existing directors upon a successful consent solicitation, Laddcap is currently willing to agree to a settlement with Delcath that uses the Institutional Shareholder Services (ISS) and Glass Lewis & Co. reports as a framework for a settlement. ISS and Glass Lewis are leading independent global proxy advisory and voting services firms. Both the ISS and Glass Lewis reports recommend that current Delcath directors Mark Corigliano and Victor Nevins resign from Delcath's Board and be replaced by two directors from the Laddcap slate. ---------------------------------------------------------------------- PLEASE SIGN, DATE AND RETURN YOUR BLUE CONSENT CARD If you have any questions or require any assistance in executing your written consent, please call: The Altman Group, Inc. 1200 Wall Street West, 3rd Floor, Lyndhurst, NJ 07071 (800) 581-5375 Banks and Brokers Call Collect: (201) 806-7300 Laddcap Value Partners LP 650 Fifth Avenue, Suite 600 New York, NY 10019 (212) 259-2070 info@laddcapvalue.com ---------------------------------------------------------------------- In connection with our consent solicitation, on August 17, 2006 we filed a definitive consent solicitation statement with the Securities and Exchange Commission (the "SEC"). In addition, we may file other consent solicitation materials regarding this consent solicitation. STOCKHOLDERS ARE URGED TO READ THE DEFINITIVE CONSENT SOLICITATION STATEMENT BECAUSE IT CONTAINS IMPORTANT INFORMATION. Definitive consent solicitation statements and BLUE consent cards have been mailed to Delcath stockholders. Stockholders are also able to obtain a free copy of the definitive consent solicitation statement at the SEC's website, www.sec.gov. The definitive consent solicitation statement may also be obtained free of charge from our offices by contacting us via the contact information set forth above. Contact: Laddcap Value Partners LP Robert B. Ladd, 212-259-2070 rladd@laddcapvalue.com Source: Laddcap Value Partners biz.yahoo.com