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Opinion: Why CSX won’t seat hedge funders

(The following column by Ron Orol appeared on The Deal website on August 1.) NEW YORK — Railroad company CSX Corp. still refuses to seat two of four dissident director nominees, partly because the company hopes an appeals court ruling will disqualify a block of shares...

CSX spent nearly $1.1M lobbying government in 2Q

(The Associated Press circulated the following on August 1.) WASHINGTON, D.C. — Freight railroad operator CSX Corp. spent nearly $1.1 million in the second quarter to lobby on federal funding for homeland security and transportation, and other issues, according to a...

TCI and 3G comment on certification of CSX election results

(TCI and 3G issued the following on July 31.) NEW YORK — The Children’s Investment Fund Management (UK) LLP (“TCI”) and 3G Capital Partners, Ltd. (“3G”) today issued the following statement regarding the independent inspector’s certification of the final results of...

CSX: results show 4 TCI/3G nominees elected

(Reuters circulated the following on July 31.) CHICAGO — U.S. railroad CSX Corp. said on Thursday that four nominees on a dissident slate had been elected to its board of directors, but said two of the seats remain the subject of a court appeal. The Children’s...

Kentucky appeals court upholds lower court in CSX case

(The following story appeared on The Courier-Journal website on July 28.) LOUISVILLE, Ky. — The Kentucky Court of Appeals has upheld a 2006 lower court ruling that found that Courier-Journal coverage did not influence a Jefferson Circuit Court jury that awarded a...

CSX seats 2 dissidents to board

(The following story by Mark Basch appeared on The Florida Times-Union website on July 26.) JACKSONVILLE, Fla. — CSX Corp. announced Friday that it will immediately seat two nominees of a dissident shareholder group to its board of directors. But two other candidates...

CSX board to meet, but agenda uncertain

(The Associated Press circulated the following on July 24.) JACKSONVILLE, Fla. — CSX is resuming its annual meeting in Jacksonville, but it is uncertain what will be on the agenda. When the board met in June in New Orleans, it halted the meeting so it could continue...

CSX invites 2 dissidents to board, 2 await appeal

(Reuters circulated the following on July 25.) CHICAGO — U.S. railroad CSX Corp. said on Friday that two nominees from a dissident shareholder slate could join its board immediately, but two other seats on the board are the subject of a court appeal. Two hedge fund...