Continental's preferred shareholders received all of their principal and interest.

The same cannot be said for the preferred shareholders, who had pay-in-kind securities.

His primary goal, he said, was to see that the preferred shareholders got a fair shake.

Irving's preferred shareholders represent about 8 percent of the voting rights.

Did the preferred shareholders - who essentially sold a call option on their stock - get a fair price?

The move would lower the status of certain preferred shareholders.

The company won an earlier case filed by preferred shareholders in New York.

The preferred shareholders in that case would probably suffer substantial losses.

Dividends to preferred shareholders accounted for most of the loss.

A lawyer for Eastern's preferred shareholders also objected to the sale.