Masimo CEO, Directors Sued by Politan for Pushing Proxy Vote (1)

Masimo Corp. founder Joe Kiani is trying to save his skin and fend off an activist hedge fund by manipulating the date of its upcoming board election, according to an unsealed lawsuit.

Politan Capital Management LP is suing Kiani and other board members—including former Walt Disney Co. CEO Bob Chapek—saying they rescheduled the shareholder vote at the 11th hour after “brutal” reports by two leading proxy advisers blasted the company’s governance practices in “scathing” terms. The suit made public Tuesday represents the latest volley in a two-year battle between the Kiani faction and Politan, which is seeking two board ...