. . UNITED STATES: POLITICS: POLITICAL PARTIES: REPUBLICAN PARTY, TEA PARTY : INDUSTRIES: PETROLEUM INDUSTRY : POLITICS : POLITICS: PRESSURE GROUPS: Koch Brothers File Second Lawsuit Against Cato Institute . . Koch Brothers File Second Lawsuit Against Cato Institute By Andrew Harris on April 10, 2012 Bloomberg News Business Weekhttp://www.businessweek.com/news/2012-04-10/ koch-brothers-file-second-lawsuit-against-cato-institute
. A shorter URL for the above link: . http://tinyurl.com/ch9pmne . .Billionaire brothers Charles G. Koch, co-founder of the Cato Institute, and David H. Koch sued the free-market advocacy group, seeking reversal of what they called a board-packing scheme to weaken their influence.
.In a complaint filed yesterday in a Kansas court, a copy of which the institute posted on its website, the brothers claimed Cato Chairman Robert Levy, President Edward Crane and seven other directors last month improperly added four more directors to the board to dilute the Kochs voting power.
.The primary purpose of the board-packing scheme was to disenfranchise certain of Catos shareholders -- namely Charles and David Koch -- and prevent them from being able to elect a percentage of board members proportionate to the Kochs voting shares, the brothers alleged.
.This is the second lawsuit Charles and David Koch filed against the Washington-based group, which has been a supporter of litigation challenging President Barack Obamas 2010 health- care reform legislation.
.The Koch brothers, principals of the closely held refining and chemical company Koch Industries Inc., have been active in Republican Party fundraising. The company headquarters is in Wichita, Kansas.
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