Hedge fund loses lawsuit in Lee Enterprises takeover fight


A judge has cleared the way for newspaper publisher Lee Enterprises to use a voting system that will ensure two longtime directors are reelected at next month’s annual meeting despite the objections of a hedge fund that is trying to buy the company.

The Davenport, Iowa-based publisher said the Delaware judge threw out Alden Global Capital’s latest lawsuit Friday. Earlier this month, a judge also blocked Alden’s effort to nominate its own directors at Lee’s March 10 annual meeting.

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