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Court Of Chancery Upholds Election Results

By Morris James LLP on October 23, 2013
Posted In Stockholders' Meetings

Red Oak Fund L.P. v. Digirad Corporation, C.A. 8559-VCN (October 23, 2013)

In this unusual case, the Court of Chancery upheld the results of a proxy contest. The opinion is noteworthy for its explanation of the tests the Court will use in ruling on a challenge based on claims the election was unfairly conducted.

Tags: Stockholders' Meetings
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