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CLST Holdings, Inc.
CLST Holdings, Inc. Has Decided to Postpone Its Annual Meeting of Stockholders Unless Disputes With Red Oak Group Are Resolved Timely
April 25th, 2009
CLST Holdings, Inc. (Pink Sheets: CLHI) announced that it has decided to postpone its Annual Meeting of Stockholders previously scheduled for May 22, 2009 ("Annual Meeting") unless it reaches an agreement before April 12, 2009 with Red Oak Partners, LLC and its affiliates (the "Red Oak Group"), resolving a number of disputes between the Company and the Red Oak Group relating to the meeting. Yesterday, the Company filed an amended complaint in its lawsuit against the Red Oak Group, pending in the United States District Court for the Northern District of Texas, seeking remedies that it hopes will allow it to proceed with a proper annual meeting, pursuant to proper notice,...
Source: Law & Health Weekly (2009-04-25)
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