Fourth Sotheby’s Shareholder Sues to Block Drahi Sale

August 7th, 2019

A fourth Sotheby’s shareholder, Phillip Stevens, has sued in attempt to halt its sale to Patrick Drahi, Art Newspaper reports.“We believe that any claim that the preliminary proxy statement is inaccurate or misleading in any way is without merit, and we will vigorously defend against any assertions in these or in any similar actions that may be filed against Sotheby’s,” the auction house said previously regarding lawsuits over the deal.

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