Cyberonics Shareholder Pushes For Annual Meeting

Law360, New York (November 2, 2006, 12:00 AM EST) -- A main shareholder of Cyberonics Inc., hedge fund Metropolitan Capital Advisors Inc., said Wednesday that it has asked the Delaware Court of Chancery to require the company to hold its annual meeting.

At the same time, New York-based MCA, which was acting on behalf of the Committee for Concerned Cyberonics Shareholders, picked a fourth nominee to stand for election if or when that meeting takes place.

“Despite the company’s professed commitment to stockholder democracy and good corporate governance, no date has yet been set despite the...
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