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CSX says 4 TCI board nominees received more votes than CSX’s

SAN FRANCISCO (MarketWatch) — CSX Corp. said late Thursday the third-party inspector of its board elections determined that four nominees backed by hedge funds The Children’s Investment Fund Management LLP and 3G Capital Partners Ltd. received more votes than CSX-backed nominees. CSX said that it hopes to resolve remaining issues concerning the vote before Sept. 24. The railroad operator said that two of the contested seats will be determined by the Second Circuit Court of Appeals. TCI and 3G have accused CSX of delaying the board seating process.
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