Storer filed a lawsuit against shareholders.
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The Miami-based broadcasting and cable-TV company said it filed a new suit in a Connecticut court alleging that a dissident shareholder group led by Coniston Partners has violated the state’s unfair trade practices act in seeking control of three Connecticut cable-TV subsidiaries. Coniston Partners is seeking control of the Storer Communications board to liquidate the company. Keith Gollust, a principal of Coniston Partners, said in a telephone interview that, although he has not reviewed the lawsuit, he “can’t imagine that it’s possible for a state (to) preclude shareholders of a public company from electing directors of their choice.”
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