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RSS FeedsHudson Executive Files Lawsuit Against USA Technologies to Restore Shareholders´ Rights
(WorldNews Business)

 
 

16 november 2019 00:30:07

 
Hudson Executive Files Lawsuit Against USA Technologies to Restore Shareholders´ Rights
(WorldNews Business)
 


NEW YORK--(BUSINESS WIRE)--Nov 15, 2019-- Hudson Executive Capital LP (`Hudson Executive` or `HEC`), a New York-based investment firm and the largest shareholder of USA Technologies, Inc. (`USAT` or the `Company`) (OTC: USAT) with beneficial ownership of approximately 16.3% of common stock, today disclosed that HEC, through its affiliated fund HEC Master Fund LP, has filed a lawsuit with the Court of Common Pleas of Chester County, Pennsylvania to invalidate the Company´s recent Bylaw amendment (the `Retroactive Bylaw Amendment`) that deprives Hudson Executive, and every other USAT shareholder, of the right to call any special meeting at all before the next annual meeting of shareholders....


 
33 viewsCategory: Business
 
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