Charming Shoppes Inc. filed a lawsuit against two hedge funds on Friday, alleging they are trying to elect three directors to the retailer's board and influence decisions in the funds' favor.
Charming Shoppes filed the lawsuit in a Pennsylvania federal court against Crescendo Partners, Myca Partners and their principals for violating securities laws, according to legal documents. The lawsuit named as defendants Arnaud Ajdler, Eric Rosenfeld, Robert Frankfurt and the two hedge funds, operating jointly as The Charming Shoppes Full Value Committee.
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