Nature of the Case
To access this section all you need to do is click here and register.
Facts
The directors of Chris-Craft Industries, Inc. (D) attempted to move the meeting previously set by the by-laws for January 11, 1972, to December 8, 1971. The court held that the directors of D took advantage of a new section of Delaware corporate law to cut the amount of time available to wage a proxy battle. The directors changed the date of the stockholder meeting by amending bylaws two days after the stockholder committee had filed an intention to wage a proxy fight with the S.E.C. The dissenting stockholders (Ps) instituted an action.
Holding and Decision
To access this section all you need to do is click here and register.
Legal Analysis
To access this section all you need to do is click here and register.
© 2007-2024 ABN Study Partner.
© 2024 Casebriefsco.com. All Rights Reserved.