Martha Stewart Investor Aims To Block Vote On New Shares

Law360, New York (April 18, 2012, 2:46 PM EDT) -- An investor brought a putative class action against Martha Stewart Living Omnimedia Inc. in New York state court Tuesday, saying a shareholder vote over the issuance of 4.5 million new shares must be stopped because the company submitted misleading information on the proposal.

Shareholder Helene Hutt said that a proxy statement the company filed with the U.S. Securities and Exchange Commission on April 9 outlining several proposals is seriously deficient and that the vote scheduled for May 23 should not go forward before shareholders understand how...
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