Hedge Fund’s Injunction Request In Telos Case Denied

Law360, New York (April 23, 2007, 12:00 AM EDT) -- A Virginia circuit court has once again thwarted the efforts of hedge fund Costa Brava to block defense technology contractor Telos Corporation from selling its assets.

The Circuit Court for the County of Fairfax Virginia on Thursday denied a motion filed by Costa Brava demanding an injunction that would prohibit Telos from pursuing or closing any asset sales until May 31, the date that two new directors will be elected to the company’s board.

Judge Albert J. Matricciani denied Costa Brava’s request on the grounds that...
To view the full article, register now.