Walter Energy (WLT) says it has "serious concerns" about Audley Capital's slate of nominees to...


Walter Energy (WLT) says it has "serious concerns" about Audley Capital's slate of nominees to replace the majority of its board, accusing the hedge fund's nominees of insider trading, deficient governance, and misrepresentations of experience. Audley sends out its own letter, saying it is "baffled" that WLT consistently provides "incorrect" quarterly earnings guidance to analysts.

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Comments (2)
  • lumpofcoal
    , contributor
    Comments (53) | Send Message
     
    We need to see the resume and salary of each director before any proxy vote.
    25 Mar 2013, 09:11 AM Reply Like
  • wil3714
    , contributor
    Comments (2208) | Send Message
     
    Maybe if Walter's board actually brought out some value this wouldnt be happening. Any change is highly recommended!!
    25 Mar 2013, 09:30 AM Reply Like
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