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Orbital Engine Corp. Ltd. (OE) Message Board

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  • foolishrat5 foolishrat5 Dec 16, 1998 12:26 PM Flag

    AAGPQ-Convertible

    A couple years ago a campaign was raised against
    RJR Nabisco to force management to spin of the
    Nabisco unit to shareholders. Two men who held 10 - 15%
    of the company had this added to the proxy statement
    and it was put up to a vote by the
    shareholders.

    Can this sort of action be taken against Australian
    companies? Can Australian companies be sued by shareholders?
    It seems like their is a new lawsuit by shareholders
    of U.S companies every week.