 Investors owning over 40 of the issued and outstanding shares of Leaf Group Ltd. Leaf Group or the Company NYSE: LEAF, responded to the Form 8-K filed yesterday disclosing that Mitchell Stern resigned on July 10th from the Leaf Group Board of Directors the Board and that the Board has been forced to reconstitute the Audit Committee to remove Charles Lanny Baker, whom it belatedly recognized is not an independent director under NYSE rules. 