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Oklahoma City-Based CD Warehouse Sees Shareholder Lawsuit Dismissed.
Byline: Melissa Davis
Nov. 30--Directors of CD Warehouse Inc. this week ridded themselves of a shareholder lawsuit filed after they allegedly ignored buyout offers from a competitor.
A judge dismissed the lawsuit Monday, less than a month after CD Warehouse directors agreed to sell the company to competing music retailer Djangos.com.
"Now that CD Warehouse is at the bargaining table -- and has filed a letter of intent -- this lawsuit is more academic than it ever was," Tulsa money manager Fredric E. Russell said.
CD Warehouse is an Oklahoma City- based company that specializes in the sale of used CDs through its 264 franchise and corporate …
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News wire article from: Daily Oklahoman (Oklahoma City, OK)
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News wire article from: Daily Oklahoman (Oklahoma City, OK)
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