Alta Fox has filed a federal lawsuit against Daktronics, challenging the company's recent management decisions, which it views as detrimental to shareholder interests. The lawsuit comes amid ongoing tensions between Daktronics and several of its investors, including Breach Inlet and Anchor Capital, who have also expressed opposition to the company's management strategies. In a separate legal matter, Fox has moved to dismiss a workplace misconduct lawsuit filed by former Fox Sports hairstylist Noushin Faraji in Los Angeles. Fox's legal team has asserted 46 affirmative defenses in their response, seeking to remove the company as a defendant in the case. Notably, Skip Bayless and Joy Taylor have publicly responded to the lawsuit, with Bayless claiming that the accuser 'consented' to the alleged acts.
Daktronics and one of its major investors, Alta Fox, continue to argue about what is best for company shareholders, this time it’s in a lawsuit filed by Alta Fox. https://t.co/NHPJHad8mw https://t.co/STChBbKe1V
Okay, again, for anyone following the $DAKT drama, it's not just Alta who is against management re-incorporating. We also have Breach Inlet and Anchor Capital who have publicly opposed the relocation. It makes sense to be opposed. Management needs to get out of their own way. https://t.co/wENE5cVaw1
Skip Bayless, Joy Taylor respond to Fox lawsuit; Bayless claims accuser ‘consented’ to acts https://t.co/VTABLhGogm