Emmis Investors Resist Alleged Attack On Voting Rights

Law360, New York (July 31, 2012, 11:04 PM EDT) -- Emmis Communication Corp. preferred stockholders urged an Indiana court during a hearing Tuesday to block what they call the radio operator’s attempts to strip them of their voting rights and cause them to lose millions in accrued dividends.

The preferred stockholders accuse Emmis’ management of illegally buying its own shares in an effort to take the company private, an allegation Emmis CEO Jeffrey Smulyan has repeatedly denied.

The plaintiffs are trying to convince an Indiana judge to block the Aug. 14 meeting in which preferred shareholders...
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