Hedge Fund Can Seek Digirad Proxy Revote At Trial

Law360, New York (August 6, 2013, 6:36 PM EDT) -- A Delaware judge declined Monday to dismiss hedge fund Red Oak Partners LLC's effort to force a rematch in its proxy battle against Digirad Corp., finding that Red Oak's accusations of underhanded voting tactics could go forward.

Vice Chancellor John Noble said Red Oak's allegations that Digirad withheld negative information in the weeks leading up to a May shareholder vote, improperly voted unissued treasury shares in the company's favor and failed to disclose its plans to adopt a poison pill directed at Red Oak were issues...
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