Revlon chairman sued over stock swap

Full story: Reuters

Revlon Inc's chairman and majority shareholder Ronald Perelman was sued by an investor who exchanged his common stock for preferred shares, alleging that he missed out on a sharp rally in the cosmetic maker's stock price.

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befrank

Since: Jan 10

Littleton, CO

It's nice to see that I'm not the only rev stockholder who feels like he's been used. This whole deal stinks. Price skyrocketed right after Perlman bought up 9M shares at 5.21. Send them to jail.

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