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Investors call Orient meeting

NEW YORK (AP) - A group of Orient-Express Hotels Ltd. investors have called for a special meeting to give Class A shareholders a vote on whether the leisure company's corporate governance structure should be revised, according to a regulatory filing Monday.

An investor group made up of affiliates of CR Intrinsic Investors and DE Shaw & Co. said that Orient-Express' governance structure would not survive a challenge under Bermuda law.

In a letter to the Bermuda-based company dated July 24, the shareholders said the company's share structure "appears to have been set up and financed for the purpose of giving the board effective control over the voting power of the Class B shares".

In a written response to the investor group's letter, Orient-Express president and chief executive Paul White said the structure "has been thoroughly analysed by the company's counsel and the company is confident that it is valid and proper under Bermuda law."

The investor group together owns about 14 percent of Orient-Express' Class A common shares, according to the Securities and Exchange Commission filing.