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Litigation

: Delaware Business Litigation Report

Court Of Chancery Approves Move Of Annual Meeting

By Edward M. McNally

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Airgas Inc . v.  Air Products and Chemicals Inc., C.A. 649,2010 (November 23, 2010)

In this decision, the Delaware Supreme Court reversed a decision by the Court of Chancery and held that in a staggered board, directors must serve the 3 year term to which  they were elected. Hence a Chancery decision permitting the meeting date to be moved up to replace directors sooner than a full 3 year term was invalid.

 

Full post as published by Delaware Business Litigation Report on November 23, 2010 (boomark / email).

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