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Hedge fund manager Loeb says Sotheby’s attacks on him are ‘false’

Reuters – Activist investor Daniel Loeb, who is fighting to win control of three board seats at Sotheby’s, on Monday raised the temperature by saying the current board has failed and that its attacks on him are “false” and “misleading.”

In a filing with the Securities and Exchange Commission, Loeb responded to Sotheby’s presentation of last week when the 270-year-old auction house questioned Loeb’s ability to add value to its business.

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