back to article Imation: Data storage? No, come to us for, er, investment advice

Activist investor-controlled Imation is setting up an investment advisor subsidiary and putting $20m into an offshore investment fund controlled by the activist investor controlling Imation. In an 8-K SEC filing, Imation stated its management "approved a plan to establish a registered investment adviser as a wholly-owned …

  1. Anonymous Coward
    Anonymous Coward

    Yes, well

    Errant husbands often use thier partners assets to gamble, it appears the same is happening here, although they're not married, just courting.

  2. Youngone Silver badge

    Can anyone spell credibility?

    Does anyone believe this is any more than a shareholder using it's position to get a pay day?

    Is this even legal? I thought all shareholders were supposed to be treated equally.

    I can smell law suits.

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