Cedar Realty Investor Calls for Sexual Harassment Probe
- If any evidence backs ex-COO’s suit, CEO should go: letter
- Cedar Realty calls allegations ‘false and without merit’
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An activist investor in Cedar Realty Trust Inc. is calling for an investigation of sexual harassment claims in a lawsuit filed against the company’s chief executive, Bruce Schanzer, and said any evidence uncovered to back up the allegations should result in his immediate suspension or firing.
Snow Park Capital Partners criticized the Port Washington, New York-based company for failing to respond swiftly or strongly to the suit by Nancy Mozzachio, Cedar Realty’s former chief operating officer, in a Nov. 9 letter obtained by Bloomberg News, saying the initial statement “utterly fails to appreciate the severity of the allegations.”