DAILY JOURNAL CORPORATION ADDRESSES BUXTON HELMSLEY’S BRAZEN THREATS AND EXPOSES THE FIRM’S DISINGENUOUS, SELF-SERVING AGENDA
GlobeNewswire Inc.
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•By Daily Journal Corporation
Daily Journal Corporation has rejected demands from activist investor Alexander Erwin Parker of Buxton Helmsley USA, Inc., who threatened a proxy contest and disciplinary referrals against board members and executives unless the company agreed to capitalize software development costs and provide Parker with board seats and a lucrative consulting contract. The company has referred Parker and Buxton Helmsley to federal and state authorities for potential criminal prosecution and stands firmly behind its accounting practices and financial statements.