Delaware Court of Chancery on The Circle in Georgetown, Delaware. Credit: Antony-22 via Wikimedia Commons Aerojet Directors File Opposing Lawsuits Against Each Other, as Lockheed Martin Merger Falls Through
Both complaints expressed concern about what would happen to the company's board if Aerojet's $4.4 billion merger with Lockheed Martin didn't go through.
February 14, 2022 at 06:36 PM
4 minute read
Two halves of Aerojet Rocketdyne Holdings' board took a proxy fight to the Court of Chancery after a company press release disclosed an internal investigation into one director.
Each group of four directors have filed suit against the other, with one side pointing to what it says is a self-interested boardroom coup and the other accusing the first of misallocating company resources to undercut a proxy contest.
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