by Mike Caswell
The dissident battle between Western Wind Energy Corp. and shareholder Savitr Capital LLC has landed in the Supreme Court of British Columbia, with Western Wind filing a petition in which it complains that Savitr improperly used the company's trademarked logo in proxy materials. The company says that shareholders could be confused by a dissident circular Savitr filed which included a copy of the Western Wind logo next to that of Savitr. The petition seeks a court order directing that Savitr cease its use of the logo and invalidating any proxies already cast for the dissidents.
|Cover for the dissident circular|
The petition comes as both sides are preparing for Western Wind's highly contested annual general meeting. Savitr, a San Francisco investment manager, is asking shareholders to replace the board ahead of a process to sell the company. It says that present management, headed by Vancouver promoter Jeff Ciachurski, is overpaid and has done little to improve the stock price. Western Wind, for its part, says its assets are highly complex and the dissidents will not be in a position to properly present the company to potential buyers.
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