Judge Asked To Put Brakes On $3.7B Carlyle Deal Vote

Law360, New York (March 14, 2013, 3:55 PM EDT) -- A pension fund shareholder of Focus Media Holding Ltd. on Wednesday asked a California federal judge to bar Focus Media from holding a shareholder vote on its proposed $3.7 billion take-private deal with The Carlyle Group LP because the media firm provided misleading deal information in a January proxy statement.

Iron Workers Mid-South Pension Fund, which sued Focus Media in February, claimed that shareholders were not given enough accurate data to make an informed vote on the merger. Allowing a vote before the fund completes its...
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