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From Kirsten Bischoff, Opalesque New York:
When activist investors determine their position regarding the state of a corporation, they initiate their strategy for change, and leverage all of the resources available to them in order to reach a successful outcome. In true activist form, Phil Goldstein, one of the Principals of New Jersey-based Bulldog Investments is staking resources and reputation on fighting what he believes to be an assault on the first amendment rights of hedge fund managers.
In the latest portion of this fight, Goldstein is appealing to the US hedge fund industry (inclusive of service providers and the media outlets that cover news of hedge fund activity in the markets), asking for volunteers to submit Amicus Briefs to the court during this latest step in what has become a multi-year, epic fight between Goldstein and the Massachusetts Secretary of State William Galvin.
On Monday, Goldstein's legal team filed opening briefs for the appeals case in their civil rights action against Galvin (see previous Opalesque Coverage of this civil trial: here).
Not one to mince words Goldstein is additionally appealing to industry contacts. In an email he stated, "This case has been going on for over three years and we have lost every round." But, as t...................... To view our full article Click here
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