Mackenzie Wrobel of Duane Morris (Photo: Courtesy Photo) TRO Ruling Resolves Competing Proposed Orders; Says Company Neutrality Is a Must in a Control Dispute
Vice Chancellor Lori Will in In re Aerojet Stockholder Litigation, No. 2022-0127-LWW, confirms that the middle, in a field of neutrality, is exactly where a company and its resources must remain in the midst of contested director elections involving a mixed bag of incumbent directors and insurgents.
April 06, 2022 at 09:00 AM
7 minute read
Corporate Entities
Rarely is one happy to find themselves in the middle of a precarious situation, but a recent bench ruling and companion letter opinion from Vice Chancellor Lori Will in In re Aerojet Stockholder Litigation, No. 2022-0127-LWW, confirms that the middle, in a field of neutrality, is exactly where a company and its resources must remain in the midst of contested director elections involving a mixed bag of incumbent directors and insurgents.
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