Legal victory for Loonland

NEWS BRIEF: German kids producer TV Loonland has won its legal battle over excluding shareholder group Aktieninvestor.com from its AGM in August 2005, following violation of Section 21 of the Securities Trading Act.

The decision, by Munich Regional Court, essentially denies Aktieninvestor.com the right to sue Loonland for exclusion from the AGM.

C21 reported in November about Akteininvestor’s intention to sue Loonland and launch a hostile takeover bid for the company.