CLECO Stockholders Attempt to Stop Company Sale

clecosignSome CLECO stockholders today try to stop a sale of the company that is slated to be approved by shareholders tomorrow. But, a state district judge has ruled against them.

The issue is money. The stockholders who filed suit claim the share price is unfair. However, the judge refuses to grant an injunction that would have stopped tomorrow’s shareholder meeting. An appeal is expected.

KLAX ABC 31 News 2/25/15