TPG-Axon files lawsuit in SandRidge board battle
Dec 24 (Reuters) - SandRidge Energy Inc investor TPG-Axon filed a lawsuit contesting the validity of the initial consent date provided by the oil and gas producer relating to the hedge fund's proposal to replace members of the company's board.
TPG-Axon, owner of 6.7 percent of SandRidge's shares, said last month it would solicit support from other shareholders to replace the company's board, citing poor management.
A SandRidge spokesman was not immediately available for comment.
- Tweet this
- Share this
- Digg this