New York Hedge Fund Claims It’s Being Smeared in Tegna Proxy Fight
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One of the contenders in the hotly-contested Tegna Inc. proxy battle says it’s been smeared with false accusations of improper trading in a blatant attempt to manipulate this week’s vote for a new board of directors.
New York-based hedge fund Standard General LP sued Tusk Strategies Tuesday in Manhattan federal court, accusing the political consulting firm, of “blanketing the media with false and misleading proxy materials” on behalf of a “secret client.”