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ModusLink Global Solutions, Inc. Message Board

  • spook2b spook2b May 2, 2012 5:01 PM Flag

    new filing from H&H

    There was a new SEC filing by H&H today. Here's the relevant part:

    On May 1, 2012, HNH filed a complaint in the Court of Chancery of the State of Delaware against the Issuer (the “Complaint”). The Complaint seeks to enforce HNH’s statutory right under Delaware law and compel the Issuer to make available to HNH certain books and records previously requested by HNH, which the Issuer has refused to provide. These books and records relate primarily to the Issuer’s Tax Benefit Preservation Plan, dated as of October 17, 2011. HNH is concerned that the Board is failing to adequately protect the significant tax benefits associated with the Company’s net operating losses, which would materially and adversely affect the interests of all stockholders.

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