Sears Shareholders Sue to Delay Meeting
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From Associated Press
PHILADELPHIA — A group of shareholders Tuesday asked a federal judge to postpone the Sears, Roebuck & Co. annual meeting until the retailer provides more information about its troubled finances.
The shareholders, represented by attorneys Richard D. Greenfield and Stanley Bernstein, also want the judge to nullify shareholders’ proxy votes supporting three nominees to the Sears board of directors, saying stockholders were inadequately informed about the nominees’ qualifications.
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