Office Depot Proxy War Heats Up

Law360, New York (March 27, 2008, 12:00 AM EDT) -- A shareholding equity fund has fired another salvo in its proxy war with Office Depot Inc., seeking court approval to replace two board members — the company's current and former chairman and CEO — with its own nominees.

Levitt Corp., a real estate development company whose limited partner Woodbridge Equity Fund LLLP is a major Office Depot investor, has filed suit in a Delaware state court, it disclosed Thursday in a U.S. Securities and Exchange Commission filing.

Levitt requested that the court issue an order confirming...
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