M-Flex Sues To Quell Hedge Funds' Support For Deal

Law360, New York (October 12, 2006, 12:00 AM EDT) -- Flexible printed circuit maker Multi-Fineline Electronix Inc. is suing a group of hedge funds and management companies, claiming the defendants ran afoul of federal securities laws by failing to disclose their stake in a company that Multi-Fineline may acquire.

Multi-Fineline Electronix, known as M-Flex, doesn’t seek monetary damages in the suit it filed in federal court in central California. M-Flex asks the court to declare that the defendant’s conduct violates federal law, declare that the defendant’s “unlawful undisclosed scheme” disenfranchises and is unfair to legitimate M-Flex...
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