[DOWNLOAD] "Blasius Industries v. Atlas Corporation" by New Castle Court of Chancery of Delaware " Book PDF Kindle ePub Free
eBook details
- Title: Blasius Industries v. Atlas Corporation
- Author : New Castle Court of Chancery of Delaware
- Release Date : January 25, 1988
- Genre: Law,Books,Professional & Technical,
- Pages : * pages
- Size : 88 KB
Description
Two cases pitting the directors of Atlas Corporation against that company's largest (9.1%) shareholder, Blasius Industries,
have been consolidated and tried together. Together, these cases ultimately require the court to determine who is entitled
to sit on Atlas' board of directors. Each, however, presents discrete and important legal issues. The first of the cases was filed on December 30, 1987. As amended, it challenges the validity of board action taken at a
telephone meeting of December 31, 1987 that added two new members to Atlas' seven member board. That action was taken as an
immediate response to the delivery to Atlas by Blasius the previous day of a form of stockholder consent that, if joined in
by holders of a majority of Atlas' stock, would have increased the board of Atlas from seven to fifteen members and would
have elected eight new members nominated by Blasius.