Feeds

Baltimore complains to FSA about stalking shareholder

Biter bit

  • alert
  • submit to reddit

Combat fraud and increase customer satisfaction

Former dotcom darling Baltimore Technologies has complained to the Financial Services Authority (FSA) about Acquisitor Holdings, its largest shareholder.

Baltimore claims the group pushed down its share price by making negative comments about the company and then snapped up the cheaper shares.

According to Baltimore, Acquisitor Holdings made misleading statements between 22 and 30 March. These comments, the complaint alleges, pushed down the company share price. On March 30 Acquisitor bought 400,000 Baltimore shares.

In response, Acquisitor has threatened to sue Baltimore for defamation. Last month Acquisitor led attempts to oust the Baltimore board.

Baltimore Technology used to be a security software company. It is now a cash shell with approx. £25m in the bank and its board wants to use the money to build a green energy company. Acquisitor wants the money to be redistributed to shareholders. ®

Related stories

Baltimore failures try something else
Baltimore fights attempted coup
Baltimore sells crown jewels

3 Big data security analytics techniques

More from The Register

next story
Dropbox defends fantastically badly timed Condoleezza Rice appointment
'Nothing is going to change with Dr. Rice's appointment,' file sharer promises
Audio fans, prepare yourself for the Second Coming ... of Blu-ray
High Fidelity Pure Audio – is this what your ears have been waiting for?
Did a date calculation bug just cost hard-up Co-op Bank £110m?
And just when Brit banking org needs £400m to stay afloat
MtGox chief Karpelès refuses to come to US for g-men's grilling
Bitcoin baron says he needs another lawyer for FinCEN chat
Zucker punched: Google gobbles Facebook-wooed Titan Aerospace
Up, up and away in my beautiful balloon flying broadband-bot
Apple DOMINATES the Valley, rakes in more profit than Google, HP, Intel, Cisco COMBINED
Cook & Co. also pay more taxes than those four worthies PLUS eBay and Oracle
It may be ILLEGAL to run Heartbleed health checks – IT lawyer
Do the right thing, earn up to 10 years in clink
prev story

Whitepapers

Top three mobile application threats
Learn about three of the top mobile application security threats facing businesses today and recommendations on how to mitigate the risk.
Combat fraud and increase customer satisfaction
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Five 3D headsets to be won!
We were so impressed by the Durovis Dive headset we’ve asked the company to give some away to Reg readers.
SANS - Survey on application security programs
In this whitepaper learn about the state of application security programs and practices of 488 surveyed respondents, and discover how mature and effective these programs are.