Highlights & Analysis of Key Decisions from Delaware's Supreme Court & Court of Chancery
Gentili v. L.O.M. Med. Int’l, Inc., C.A. No. 7600-VCG (Del. Ch. Aug. 17, 2012).
Issue: Whether non-unanimous written consents of shareholders were sufficient to thwart a challenge to the election of directors at an annual meeting?
Short answer: No.
Background:
This is a summary proceeding pursuant to DGCL Section 225 to…
McElroy v. Schornstein, C.A. No. 7233-CS (Del. Ch. June 20, 2012).
Issue Addressed: Whether summary proceedings for dissolution under 8 Del. C. § 273 should be permitted to proceed as an exception to the first-filed rule under the McWane doctrine, in light of related actions outside of Delaware addressing Delaware issues.
Short Answer…