Publication Date: 2024-09-10
Practice Area: Corporate Governance
Industry: Investments and Investment Advisory
Court: Court of Chancery
Judge: Vice Chancellor Will
Attorneys: For plaintiff: Michael A. Pittenger, Jacqueline A. Roger, Adriane M. Kappauf, Rebecca Bolinger, Potter Anderson & Corroon LLP, Wilmington, DE; Andrew J. Levander, Mauricio A. España, Dechert LLP, New York, NY; Christopher J. Merken, Julia M. Curley, Dechert LLP, Philadelphia, PA for plaintiffs.
for defendant: Travis S. Hunter, Matthew W. Murphy, John M. O’Toole, Mari Boyle, Richards, Layton & Finger, P.A., Wilmington, DE for defendants.
Case Number: 2023-1247-LWW
Corporation's purposeful violation of the express prohibition of setting a retroactive record date for an annual stockholders' meeting warranted invalidating the board election results and reinstating the prior board to hold a new election.