"It is unfortunate that the Lead Directors have chosen to spend precious Jaguar resources on proxy-solicitation and legal fees in an attempt to deflect shareholder scrutiny away from their epic misjudgments to far less relevant issues, such as Bristol's estimate of payments made to the Lead Directors during the past six months. To be clear, Bristol developed its estimate of total payments made to the Lead Directors based on information collected during a June 11 conference call with Jaguar Chief Financial Officer Jim Roller and Jaguar Investor Relations Officer Roger Hendriksen. During this call, Mr. Roller noted that Bristol's methodology in estimating total costs for the strategic review process was reasonable...Bristol is also troubled by the Board's mischaracterization to ISS staff that the Board had offered "to grant Bristol full details of the strategic process," and that this offer was rejected by Bristol. The truth is the Company attempted to force Bristol into entering an effective "standstill" on all Jaguar trading for a period of up to six months, in exchange merely for an explanation, just days before announcing the conclusion of the strategic review, as to why the Board had failed to meet two stipulated deadlines to provide written answers to Bristol's stated concerns in its April 20, 2012 private letter."
Concerns over the future of the U.S. Federal Reserve's monetary stimulus and weak Chinese factory data sent shares …