Strata-gee.com

Strategy in TECH...

You are here: Home / Archives for Feature

Feature

Lutron Loses Appeal in J Geiger Lawsuit But Gets Penalty Reduction

by Leave a Comment

The judge hearing Lutron Electronics’ appeal of its loss to GeigTech East Bay (part of J. Geiger shades) in a patent infringement case has delivered her decision and it is sure to please neither side. Earlier this year a jury declared Lutron a willful infringer of a GeigTech patent and awarded it an eye-popping $34.6 million. Lutron appealed asking for a new trial, which was denied, but the Judge cut the award to $3.8 million, agreeing that it was “grossly excessive.”

So what happens now? Read on to see…

See more on this ruling of Lutron’s appeal of Geigtech’s trial win

[Read more…] about Lutron Loses Appeal in J Geiger Lawsuit But Gets Penalty Reduction

Sharp Cuts CEO After Two Years of Losses; Company Scaling Back LCD Div Significantly

by Leave a Comment

Sharp display at a trade show
REUTERS/Toru Hanai/File Photo

Remember: Sharp Manufactures Onkyo, Integra, Pioneer & Elite

Sharp Corporation, part of top Apple supplier Foxconn, saw its annual shareholders meeting turn contentious this year as investors are frustrated with management after the company has turned in two years of significant net losses. Perhaps to help mollify investors, the company announced its President and CEO, Robert Wu, has stepped down from his role at the company. Sharp also announced it is scaling back its struggling LCD business.

See more on troubles at Sharp

[Read more…] about Sharp Cuts CEO After Two Years of Losses; Company Scaling Back LCD Div Significantly

Politan Reveals Masimo Lawsuit To All Investors; Says It’s Desperate & Defamatory

by 2 Comments

Image of Masimo v. Politan lawsuit title page

Masimo: ‘Confidential Informants’ Allege Koffey Has Breached His Fiduciary Duties as a Director

Almost exactly one week ago, Masimo and its Board of Directors filed a lawsuit against Politan Capital Management in which it alleged Politan’s proxy materials contained material misrepresentations and asked the court to order the activist investor to correct them. The company also delayed its upcoming annual stockholders meeting from July to September. Two days after that, Politan responded with a countersuit in which it asked the court to order Masimo to hold its 2024 Annual Meeting of Stockholders as soon as possible.

Now Politan has taken the unusual step of publishing Masimo’s lawsuit against them and providing it to all Masimo stockholders. The Masimo suit, which has some outrageous claims against Politan and particularly CIO Quentin Koffey, is being provided by a confident Koffey who believes investors will see it for what he says it is…a desperate attempt to stop the investor vote for independent directors.

See more on Politan publishing the Masimo lawsuit against it

[Read more…] about Politan Reveals Masimo Lawsuit To All Investors; Says It’s Desperate & Defamatory

Politan Returns Fire; Files Countersuit Against Masimo & Directors in Delaware

by 2 Comments

Politan investor presentation cover slide
Cover slide to Politan’s investor presentation

Claims Company is Violating Its Own Bylaws & Delaware Law

On Tuesday, I told you that Joe Kiani and Masimo Directors filed a lawsuit against Politan Capital Management and Quentin Koffey, asking the courts to force Poltian to correct what it claims are material misrepresentations in Politan’s proxy materials provided to Masimo stockholders. Late Wednesday, Politan returned fire, filing its own countersuit – but in a much more strategic way…

See more on Politan countersuing Masimo

[Read more…] about Politan Returns Fire; Files Countersuit Against Masimo & Directors in Delaware

On the Defensive, Kiani & Masimo’s Claws Come Out; Postpones Annual Meeting & Sues Politan

by Leave a Comment

Masimo Sues Politan image

Company Chooses to Delay Annual Stockholders Meeting & Set New Record Date

Masimo Corporation (Nasdaq: Masi) announced on Tuesday that it has filed a lawsuit in Federal Court in California against Politan Capital Management and CIO Quentin Koffey, asking the court for an injunction to force Politan “to correct material misstatements and omissions”…in its “proxy materials.” It also says it has set a new date for its 2024 Annual Meeting of Stockholders, with a new record date, “to ensure that the vote of the Company’s stockholders is fair and fully informed.” That move is clearly in reaction to evidence uncovered by Politan of a legal but ethically questionable move called “empty voting” in an apparent attempt by an individual who is a friend of Joe Kiani to swing the vote in management’s favor – a move that Politan says would disenfranchise investors who voted.

See the latest outburst of filings and accusations between Masimo & Politan

[Read more…] about On the Defensive, Kiani & Masimo’s Claws Come Out; Postpones Annual Meeting & Sues Politan

Welcome to Strata-gee!

by 1 Comment

Information, Insights & Bright Ideas to Help You Build a Better Strategy

If this is your first visit to Strata-gee, let me thank you for taking some of your valuable time to learn more about this website and to discover what I hope will become a valuable resource for you. Strata-gee was launched officially back in 2012, but unofficially it goes back even further than that – with our archives holding posts from all the way back in 2009. It’s a rich library of compelling content…all at your fingertips.

Learn more about Strata-gee…

[Read more…] about Welcome to Strata-gee!