VIEX Capital Threatens Immersion Corporation with Legal Action
January 23, 2018 at 02:00 pm
On January 5, 2018, VIEX Capital Advisors, LLC sent a letter to Immersion Corporation demanding to inspect certain books and records of the Company to assess whether a majority of the Board, under the helm of Chairman Carl Schlachte, has breached its fiduciary duties to stockholders by failing to keep themselves reasonably informed. VIEX Capital Advisors stated that on January 11, 2018, the Company’s counsel sent a letter rejecting the demand letter.