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Amid Activist Investor Bid to Shake Up TEGNA Board Case Stayed as Appraisal Cited

By Matthew Russell Lee, Patreon Maxwell Book
BBC-Guardian UK - Honduras - ESPN NY Mag

SDNY COURTHOUSE, April 24 –  Standard General LLP, described as an activist investor making moves to try to shake up the board of TEGNA, has been sued under Section 16(b) of the Securities Exchange Act by Donna Ann Gabriele Chechele.         

           On April 21, U.S. District Court for the Southern District of New York Judge Katherine Polk Failla held a proceeding. Inner City Press covered it.

  The defendants sought a stay of the Federal case, saying that the plaintiff could seek an appraisal in Delaware.

After inquiry, Judge Failla agreed to the stay under further order of the court, asking to be kept apprised.

The case is Chechele v. Standard General Master Fund L.P. et al., 20-cv-3177 (Failla) 

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