Emmis, Preferred Investors Spar Over CEO's Stock Buy

Law360, New York (May 29, 2012, 3:50 PM EDT) -- Emmis Communications Corp. on Tuesday asked an Indiana federal judge not to block CEO Jeff Smulyan's attempt to buy its stock, saying he simply wants to boost the stock price and isn't interested in resurrecting either of his two failed attempts to take the struggling radio broadcaster private.

Smulyan simply sees his company's stock as a bargain and wants to generate some market buzz by publicly accumulating shares, Emmis said.

Since 2010, the company has been locked in a standoff with a small group of preferred...
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