LONDON — The battle for control of New Frontier Media took another turn this week as Longkloof Ltd. filed counterclaims against the adult transactional TV company.
In late May, New Frontier Media sued South Africa-based Longkloof and its officials over violating U.S. Securities Exchange Act rules for not properly reporting their identity and activities as a "group." The suit seeks an injunction blocking the takeover.
Longkloof, which has been identified as a division of London-based Hosken Consolidated Investments, announced last week