from cash2go PIP board: Siga also selling at a deep discout due to lawsuit, shareholders should take note:
Siga also selling at a deep discout due to lawsuit, shareholders should take note:
"Revlon Inc. (REV) officials agreed to pay more than $9.2 million to resolve investors’ claims that Ronald Perelman, the controlling shareholder, shortchanged them in a deal designed to acquire common stock he didn’t already own.
Revlon, maker of Almay cosmetics and Mitchum deodorant, will pay the money to resolve eight lawsuits filed by company investors in state and federal courts in Delaware and New York over a 2009 share-exchange offer involving Class A common shares. Shareholders said Perelman sought to acquire the shares at an unfair price."