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In the latest development in a protracted battle for control of music software company Liquid Audio, the Redwood City, Calif.-based business filed a suit Wednesday against activist investors Musicmaker.com and Steel Partners II. The suit alleges Musicmaker failed to register as an investment company and as a result, the activists shouldn't be able to participate in a proxy fight. The suit also says that Steel Partners is conducting an illegal proxy contest.
August 23, 2002 at 12:00 AM
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The original version of this story was published on Law.Com
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