Investors worry about lawsuits used to scare, gag shareholders [USA]
Author: Rachel Beck, Associated Press, Published on: 11 April 2004
The case...involves a lawsuit filed by Cintas Corp., a uniform supply company, against Timothy Smith, senior vice president at the investment firm Walden Asset Management. Cintas alleges he made defamatory remarks at its October annual meeting. According to the suit, Smith linked the company to a “sweatshop” factory in Haiti. He was urging passage of a shareholder resolution calling on Cintas to assess the effectiveness of its vendor code of conduct and the compliance of its factories and suppliers.
Related companies: Cintas