(KAIR)--More legal twists and turns in the ongoing controversy involving Atchison based MGP Ingredients, where a group of preferred stockholders, comprised of family members of the founders of the company, continue to seek the ouster of company CEO Tim Newkirk.
Cray Family Management, LLC argues that his management is a liability to the company's future.
The controversy erupted in May when Cray Family Management, due to their documented differences with the company's current leadership, effectively shut down the company's annual stockholder's meeting on May 23rd by failing to attend, or send proxies, which led to the lack of a quorum.
Last week, Cray Family Management filed, in Atchison County District Court, a civil suit stating that MGP must hold that meeting on or before August 12th, which would allow a vote to select three of nine company directors.
The preferred stockholders have also filed a separate civil suit seeking to inspect the company's corporate records.
A hearing has been scheduled for Thursday. However, MGP, late Tuesday afternoon, responded, filing a motion to dismiss, or stay, the proceedings based on a seperate lawsuit filed in Johnson County by MGP. The company's response states, in part, that the Johnson County Court has been asked to review the validity of the Cray Group's role in the company and to determine who are the proper Trustees.
The document states that the Cray Group's lawsuit should not proceed until such “significant preliminary issues” can be deterimined prior to convening the annual meeting.
© Many Signals Communications
MOST VIEWED STORIES
Three former Atchison Co employees arrested on felonies
One hospitalized, one jailed, after Atchison attack
Atchison man involved in fatal NW MO crash
Services set for Effingham woman killed in crash
Barricaded fugitive arrested in Jackson County
Two file to challenge local legislator
Fentanyl find nets four in two Atchison cases
Fatal Atchison apt fire investigation continues
USD 415 board select new member
U.S. 36 work in Doniphan Co to impact motorists
Results from SE Nebraska contested Primary Elections
Date set for signals switch at Hiawatha intersection
Flags to fly half staff Wednesday across KS
State Board approves land transfer agreements
Memorial Day enforcement hits KS roads
Support sought for fire ravaged family
Armed felon found, arrested, in Jackson Co
LATEST STORIES
Four injured in Richardson Co rollover crash
Tuition increase by KU, others in state
KS grad requirements updated after two decades.
Fentanyl find nets four in two Atchison cases
Armed felon found, arrested, in Jackson Co
Support sought for fire ravaged family
Potts first to file for Sheriff's seat in Atchison Co
Senator Slama won't endorse candidate in legislative race
Local author brings "Broken and Chained" to Falls City Saturday