CSX says $11M shareholder settlement approved
Monday, March 9, 2009 : PermalinkForbes – CSX Corp. said a New York Federal Court has approved a settlement in which the railroad operator will be paid $11 million by two activist shareholder hedge funds over alleged securities law violations.
CSX said late Friday it will receive $10 million from TCI, which manages The Children’s Master Investment Fund, and $1 million from 3G Capital Management, less $550,000 in attorney’s fees and other expenses.
Tags: 1-million, 10-million, activist, capital-management, csx, csx corp, forbes, investment-fund, railroad operator, securities-law, shareholder, tci
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