Napster: Investment Group Vows Proxy Fight

Three investors have disclosed in a lengthy filing with the SEC that they play to stage a proxy fight for three Napster (NAPS) board seats. The trio includes Perry Rod, who describes himself as an independent investor and president of Market Rap LLC, a company developing an investor community site, as well as chairman of The Paradise Project, “a non-profit religious organization;” Thomas Sailors, of investment firm Cloverdale Investments, and a former managing director at Bank of America Securities; and Kavan Singh, who owns 10 Cold Stone Creamery franchises and other business interests.

Where’s Carl Icahn when you need him?

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