CSX Loses Appeal To Block Votes By Hedge Funds

Law360, New York (September 15, 2008, 12:00 AM EDT) -- A federal court has refused to block the votes of two dissident CSX Corp. investors at a shareholder meeting held in June, clearing the way for two of the investors' nominees to join the railroad company's board of directors and moving them a step closer to a company takeover.

A three-judge panel of the U.S. Court of Appeals for the Second Circuit refused on Monday to stop Children's Investment Fund Management LLP, or TCI, and 3G Capital Partners LP from voting their shares, upholding a decision...
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