Group Storms Company After Filing SEC Claim

Law360, New York (January 18, 2007, 12:00 AM EST) -- In a bizarre twist in a dispute over the election of Competitive Technologies Inc.’s management, the company accused the nominees of a rebellious group of shareholders of storming its headquarters Thursday after the group asked the Securities and Exchange Commission to get involved.

The group, which calls itself “the committee to restore stockholder value,” says a proxy vote took place Tuesday that reelected former CEO John Nano to the position. CTT denies that a legitimate vote took place.

The shareholders sent a letter early on Thursday...
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