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Costa Brava
133 documents for Costa Brava
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BALTIMORE (HedgeWorld.com) - Two representatives of activist hedge fund Costa Brava Partnership III LP have been ordered by a Maryland judge to cease all contact with auditors of Telos Corp., a government contractor that provides defense-oriented software and services. The Costa Brava representatives, Andrew R. Siegel and Seth W. Hamot, both serve on Telos' board of directors. The fund, operated by Boston-based Roark, Rearden & Hamot Capital Management LLC, holds 16% of Telos' exchangeable redeemable preferred shares and has been engaged in a two and a half year fight over the company's financial obligations - a fight that came to involve the company's auditors.
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BALTIMORE (HedgeWorld.com) - In an opinion that in places reads like a philosophical treatise, but that has a quite practical outcome, a Maryland state court has deferred to the business judgment of the board of directors of Telos Corp. and struck down two of the counts in a lawsuit brought against Telos by hedge fund Costa Brava Partnership LP, of Boston. Costa Brava has long contended that the minority shareholders of Telos, a software provider and government contractor, have been victimized by majority shareholder John R.C. Porter, and the officers and directors of the company have violated their fiduciary duties by letting Mr. Porter run it as a personal fiefdom.
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BALTIMORE (HedgeWorld.com) - A Maryland state court has struck down the remaining counts in a lawsuit brought against Telos Corp., a software provider and government contractor, by Boston hedge fund Costa Brava Partnership LP. In his order, Judge Albert J. Matricciani Jr. said that Costa Brava, along with New York-based Wynnfield Partners Small Cap Value LP, had in their third amended complaint still failed to state a claim on which relief could be granted.
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FAIRFIELD, N.J. (HedgeWorld.com) - A vicious proxy battle came to a somewhat amicable end today [Oct. 27] as Bradley Pharmaceuticals Inc. announced that it had reached a settlement with hedge fund Costa Brava Partnership III LP, its largest shareholder. The company will appoint Costa Brava nominees Seth W. Hamot and Douglas Linton to its board, as well as William Murphy, a Bradley-backed nominee. According to a preliminary vote estimate at the annual meeting yesterday [Oct. 26], only two of Costa Brava's three nominees, Messrs. Hamot and Linton, had garnered enough shareholder support to be elected. Costa Brava agreed to appoint Mr. Murphy as a third director, and withdraw the candidacy of John Ross, the hedge fund's third nominee.
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Anthropologie's hand-painted Polychromatic Numbers recall those decorative address tiles displayed on whitewashed houses in villages along the Costa Brava in Spain. Numbered from 0 to 9, each glossy red digit is set against a backdrop of scrolls, flowers and geometric patterns in subdued colors. Priced at $12 apiece. www.anthropologie.com. Organizing in a snap
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Costa Brava had originally filed a lawsuit against Bradley in the Court of Chancery in Delaware in August seeking relief for what Costa alleges are two "deprivations" of Bradley shareholder rights. The hedge fund said Bradley had violated its own bylaws by expanding its board size to nine from eight seats without allowing the new person's selection by the board members representing holders of Bradley's common stock.
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The story takes place in the fictional seaside town of Z, on the Costa Brava, the far northeastern corner of Spain, where [Roberto Bola]ño lived the last decade of his life until his 2003 death. For working class tourists, the town is a summer vacation spot. For the characters, Z is less a resort than a last resort, the last letter in the alphabet. The marginalized setting underscores their marginalized lives. Even within Z, Bolaño focuses on two isolated locations: a campsite that attracts vagrants and the abandoned palace where Rosquelles builds his skating rink. Sometimes in the mornings, when I'm having breakfast on my own, I think I would have loved to be a detective. I'm pretty observant, and I can reason deductively, and I'm a keen reader of crime fiction. If that's any use ... w...
