First Manhattan Sues Vivus For Delaying Shareholder Meeting

First Manhattan Co has filed a lawsuit against VIVUS, Inc. (NASDAQ:VVUS) for extending the annual shareholder meeting to July 18. Investment management firm First Manhattan Co alleged an egregious attempt by the drug maker VIVUS, Inc. (NASDAQ:VVUS) and the sitting board to disenfranchise Vivus’ shareholders. However, the drug maker claimed the postponement from the originally scheduled July 15 was to provide its stockholders the additional time necessary to consider accurate information and make informed voting decisions that are not tainted by misleading statements made by First Manhattan Co. First Manhattan Proposed Its Own Board Nominees With 9.9 percent stake in…