Here are links to details about a dispute between Sovereign Bank and its largest shareholder, Relational Investors, in connection with Relational’s efforts to put 2 of its designees on the board, as well as other differences between the bank and its largest shareholder. I am not sure, yet, if there is a way that this dispute might end up in the Delaware courts, but it is still an interesting corporate governance dispute to watch unfold. See a recent press release and news report here and here.
UPDATE: Here is a link to an update on the story.