In an opinion today, Judge Stanton appeared inclined to dismiss a suit by billionaire Ron Burkle challenging his being voted off the board of Morgans Hotel Group.  Burkle contends that the a press release issued by OTK Associates before the vote falsely suggested that two leading proxy advisory firms supported replacing the entire board, including him.  Judge Stanton agreed the press release was incorrect, but observed that news reports corrected the error:
Continue Reading Judge Stanton Casts Doubt On Ron Burkle Proxy Soliciation Suit Because News Reports Corrected The Misstatements At Issue