1. Activist investor Casablanca may sue miner Cliffs in proxy fight

    Activist investor Casablanca may sue miner Cliffs in proxy fight

    An activist investor campaigning against miner Cliffs Natural Resources Inc said Thursday it may take the company to court over a "proxy put" that could trigger a liquidity crisis if the hedge fund wins control of Cliffs' board. Cliffs warned shareholders in a regulatory filing Friday that if all six of New York hedge fund Casablanca Capital's nominees were elected, the company may be forced to ...

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    1. Instead of implementing this now-common corporate governance measure, the board has implied a willingness to put the company's very existence at risk, employing brinkmanship with the company's liquidity in an attempt to preserve its current seats.
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