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Parlux Fragrances Buyout Should Be Blocked, Lawyer Contends

Parlux Fragrances Inc.’s $170 million sale to Perfumania Holdings Inc. should be blocked because directors of the maker of Paris Hilton perfume didn’t seek a higher bid, a lawyer for Parlux shareholders said.

Parlux’s board also failed to disclose that Perfumania officials threatened to begin a proxy fight unless the offer was accepted, attorney Donald J. Enright told Delaware Chancery Court Judge Sam Glasscock.