First Manhattan Sues Vivus For Delaying Shareholder Meeting

Mani

Published onJuly 17, 2013

Updated on May 13, 2021

First Manhattan Co has filed a lawsuit against VIVUS, Inc. (NASDAQ:VVUS) for extending the annual shareholder meeting to July 18.

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Investment management firm First Manhattan Co alleged an egregious attempt by the drug maker VIVUS, Inc. (NASDAQ:VVUS) and the sitting board to disenfranchise Vivus’ shareholders.

However, the drug maker claimed the postponement from the originally scheduled July 15 was to provide its stockholders the additional time necessary to consider accurate information and make informed voting decisions that are not tainted by...

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Mani

Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports

First Manhattan Sues Vivus For Delaying Shareholder Meeting

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