Proxy Fight Continues Despite Ruling In CSX Suit

Law360, New York (June 11, 2008, 12:00 AM EDT) -- CSX Corp. is asking shareholders to think twice about the nominees a pair of hedge funds is pushing to get on the company's board of directors, after a judge found this week that they gave false testimony and purposely evaded securities reporting requirements.

Judge Lewis A. Kaplan of the U.S. District Court for the Southern District of New York ruled that The Children's Investment Fund and 3G Capital Partners had violated securities laws but could not be prevented from voting their shares at CSX's annual meeting...
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