Cold-Eeze Maker, Shareholders' Proxy Fight Deepens

Law360, New York (June 1, 2009, 12:00 AM EDT) -- In the latest move in a protracted proxy contest between the board of directors for cold remedy manufacturer The Quigley Corp. and a group of shareholders, a federal judge barred a board installation set for Monday from taking place after Quigley claimed it had uncovered a kickback scheme involving its chief medical officer.

Judge Gene E.K. Pratter of the U.S. District Court for the Eastern District of Pennsylvania ordered Quigley to operate under a "standstill agreement" with respect to its board until an evidentiary hearing can...
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