Brief: Ocean Power Technologies Inc - Sent A Letter To Paragon Technologies

Ocean Power Technologies

12/10/2023 14:13

Oct 12 (Reuters) - Ocean Power Technologies Inc
 OPTT.A :
    * OCEAN POWER TECHNOLOGIES INC - SENT A LETTER TO PARAGON
TECHNOLOGIES
    * OCEAN POWER TECHNOLOGIES INC -  BOARD DETERMINED PARAGON
FAILED
TO SUBMIT PROPER, TIMELY ADVANCE NOTICE OF NOMINATIONS IN
ACCORDANCE WITH OPT'S BYLAWS
    * OCEAN POWER TECHNOLOGIES - ATTEMPT BY PARAGON AT CO'S 2023
ANNUAL STOCKHOLDERS MEETING TO NOMINATE PERSONS FOR ELECTION TO
OPT BOARD TO BE DISREGARDED
    * OCEAN POWER TECHNOLOGIES INC - PARAGON INITIATED
LITIGATION, ON
OCTOBER 9, 2023, IN DELAWARE COURT OF CHANCERY AGAINST OPT AND
MEMBERS OF OPT BOARD
    * OCEAN POWER TECHNOLOGIES -  LITIGATION AGAINST CO, CO'S
BOARD
ALLEGING CLAIMS FOR BREACH OF FIDUCIARY DUTY & SEEKING
DECLARATORY AND INJUNCTIVE RELIEF
    * OCEAN POWER TECHNOLOGIES INC - OPT AND MEMBERS OF OPT
BOARD
DISPUTE ALL OF PARAGON'S CLAIMS

Source text for Eikon:  ID: 
Further company coverage:  OPTT.A 

 ((Reuters.Briefs@thomsonreuters.com))