Tag Archives: railroad-experience


Shareholder Sues CSX, Hedge Funds Over Short-Swing

October 30, 2008 : Permalink

CNNMoney.com – A shareholder has sued CSX Corp. (CSX) and two hedge funds over sales of CSX shares before the funds publicly disclosed plans to shake up the railroad operator’s board in a proxy fight earlier this year. The lawsuit, […]

Ruling: Hedge Funds Receive Their Rightful Seats on Board

September 16, 2008 : Permalink

New York (HedgeCo.Net) – Hedge fund TCI has won two more seats on the board of railroad operator CSX, in what looks to be the finale of a year-long proxy battle.  A U.S. Court of Appeals judge ruled yesterday in […]

Stalled! CSX vs. the Hedge Funds will Continue

June 26, 2008 : Permalink

New York (HedgeCo.Net) -The much anticipated annual meeting of railroad operator CSX took an odd turn when results of Board elections were kept from the media and CSX head Michael Ward abruptly ended the meeting. The elections were a subject […]

Hedge funds to continue quest for board seats despite ruling

June 16, 2008 : Permalink

New York (HedgeCo.Net) – The proxy battle waged by two hedge funds against railroad operator CSX is far from over, despite a ruling against the funds last week. TCI, who runs the Children’s Investment Fund of Britain, and 3G Capital […]

Ahead of the Bell: CSX vs. hedge funds

June 12, 2008 : Permalink

Forbes- Shares of railroad operator CSX Corp. may trade actively Thursday after a federal judge’s ruling opened the doors to a proxy battle later this month. On Wednesday afternoon, the judge ruled that dissident shareholders broke the law in their […]

CSX and Hedge Funds Warm Up Before Proxy Battle

June 10, 2008 : Permalink

New York (HedgeCo.Net) – CSX and dissident shareholders sounded off yesterday, as they shared their cases to an advisory firm and outlined their differing plans for the railroad operator’s future. With a proxy fight in the future, TCI and 3G […]