You can now read 10 articles in a month for free on BostonGlobe.com. Read as much as you want anywhere and anytime for just 99¢.

The Boston Globe

Business

CommonWealth REIT goes ahead with stock sale

A Newton real estate company was allowed to proceed with a stock sale Tuesday despite objections from activist investors who have accused the company’s trustees of issuing shares to allies in order to block management changes.

The ruling by a US District Court judge in Boston marks the first stage of what is expected to be a long fight over control of CommonWealth REIT, as ­investors have launched multiple lawsuits accusing company managers of manipulating operations to enrich themselves at the expense of shareholders.

Loading comments...

You have reached the limit of 10 free articles in a month

Stay informed with unlimited access to Boston’s trusted news source.

  • High-quality journalism from the region’s largest newsroom
  • Convenient access across all of your devices
  • Today’s Headlines daily newsletter
  • Subscriber-only access to exclusive offers, events, contests, eBooks, and more
  • Less than 25¢ a week