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Summaries and analysis of recent Delaware court decisions concerning business-related litigation.
- Chancery Finds Stockholder Conferred a Substantial Corporate Benefit by Challenging the Joint Vote of Two Classes of Common Stock under Section 242(b)(2) of the DGCL
- Chancery Finds Plaintiff Failed To State A Non-Exculpated Claim Against Special Committee Defendants In Complaint Challenging A Merger
- Court of Chancery Awards Plaintiffs Attorneys’ Fees and Costs in Section 225 Action for Obtaining a Substantial Benefit for the Corporation and its Stockholders
Morris James Blogs
Court Of Chancery Extends Stockholder Meeting Date
By Morris James LLP on December 20, 2011
Posted In Stockholders' Meetings
Sherwood v. Chan, C.A. No. 7106-VCP (December 20, 2011)
There is nothing more sacred in Delaware corporate law than the right of the stockholders to elect directors. This decision illustrates that point and what the Court of Chancery will do when it feels that right has been improperly infringed, including extending the meeting date.
Tags: Stockholders' MeetingsShare
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