In North Fork Bancorporation, the Court concluded that instructions directing the proxy holder to "withhold" support for certain candidates in the election of directors did not preclude consideration of the shares as "voting power present."
Summary of this case from Licht v. Storage Technology Corp.No. 9, 2001.
May 15, 2001.
Superior CA 00A-05-006.
AFFIRMED
In North Fork Bancorporation, the Court concluded that instructions directing the proxy holder to "withhold" support for certain candidates in the election of directors did not preclude consideration of the shares as "voting power present."
Summary of this case from Licht v. Storage Technology Corp.Full title:Delaware Dept. of Health and. Social Services v. Dean ex rel. Dean
Court:Supreme Court of Delaware
Date published: May 15, 2001
552 A.2d at 493.North Fork Bancorpation., Inc. v. Toal, 825 A.2d 860 (Del.Ch. 2000), aff'd, Dime…
Hawkins v. DanielWhether the Irrevocable Proxy runs with the Majority Shares depends on the language of the Irrevocable…