The Osaka District Court has accepted a request from the investment fund led by outspoken financier Yoshiaki Murakami to appoint an inspector to watch over the upcoming shareholders' meeting of Hanshin Electric Railway Co., sources said Saturday.
The Murakami fund -- the largest shareholder of the Osaka-based railway operator -- wants to make sure its proposal that Hanshin accept nine of its recommendations for board members is treated fairly at the meeting, the sources said.
The shareholders' meeting is scheduled for June 29.
If the fund gets nine members on the board it would have a majority.