Reliant Shareholder Withdraws Proxy Proposal
Hedge fund and Reliant stockholder Seneca Capital LP submitted its intention to withdraw its proposal to the U.S. District Court for the Southern District of Texas just three weeks after Reliant filed its complaint seeking declaratory judgment. Seneca also submitted a motion to dismiss based on mootness.
Reliant’s complaint seeking declaratory judgment centered on a proposal and supporting statement submitted by Seneca Capital on December...
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