Public Event Detail
Two Harbors faces stockholder suit over CCM proxy
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2026-05-15JPMJPMorgan ChaseAlpha Vantage Newsm_and_a
Event summary
A Two Harbors Investment Corp. stockholder has filed a lawsuit alleging misleading proxy disclosures related to the company's proposed merger with CrossCountry Intermediate Holdco LLC (CCM). The lawsuit seeks to delay the May 19 vote and demands corrective disclosures, claiming the deal's structure involves significant management payouts and an unjustified termination fee increase. Two Harbors maintains the claims are without merit and has issued a proxy supplement to avoid further litigation.
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