Activist Threatens Legal Action, Proxy Fight For ValueVision

Law360, New York (November 18, 2013, 12:09 PM EST) -- Activist investor Clinton Group Inc. on Monday turned up the pressure on ValueVision Media Inc. to schedule a shareholder vote on a proposed board shakeup, threatening the Web-based retailer with legal action over the company's "bogus" refusals to convene a special meeting.

Eden Prairie, Minn.-based ValueVision has said that New York-based Clinton does not have standing to call for such a vote under Minnesota law. But in a sharp-tongued letter, Clinton on Monday highlighted its partnership with another hedge fund, Cannell Capital LLC, saying their combined...
To view the full article, register now.