Politan Capital challenges Masimo's suppression of a fair shareholder vote in court.
Politan Capital Management, holding an 8.9% stake in Masimo Corporation, is challenging Masimo's efforts to suppress a fair shareholder vote. A California Federal Court denied Masimo's request to delay the annual meeting and found Politan in contempt for prematurely disclosing court decisions. Politan is urging shareholders to support its board nominees by voting with its proxy card, while Masimo has issued misleading statements instead of making court orders accessible.
September 15, 2024
3 Articles