A stakeholder in US menhaden processor Omega Protein filed a lawsuit Friday in a Nevada state court "attempting to compel Omega to hand over confidential shareholder information, which is explicitly not permitted under the law," said Omega in a statement on Sunday.
Wynnefield Capital, which filed the lawsuit, is a long-term stockholder with about 7.9 percent ownership interest. Wynnefield raised concerns over instabilities among the firm's management and board following the publication of Omega Protein's Q1 results earlier this month.
Omega said it "will vigorously defend this lawsuit and plans to seek an expedited hearing in court and pursue any available remedies against Wynnefield's wasteful actions.
"We
