1. Home
  2. Browse Decisions
  3. A.2d
  4. 793 A.2d
  5. 793 A.2d 372 (2001)
 

COMAC PARTNERS, L.P. v. GHAZNAVI

Civil Action No. 18971.

793 A.2d 372 (2001)

COMAC PARTNERS, L.P., Comac Endowment Fund, L.P., Comac Opportunities Fund, L.P., Comac International, N.V., Carl Marks Strategic Investments, LP, Carl Marks Strategic Investments II, LP, Varde Partners, L.P., the Varde Fund (Cayman) Ltd., Pequod Investments, L.P., Pequod International Ltd., Cerberus Partners L.P. and Ceberus International Ltd., Plaintiffs, v. John J. GHAZNAVI, Richard M Deneau, Roger L. Erb, David T. Gutowski, C. Kent May, Ahmad Ghaznavi, Andrew M. Boas, Patrick T. Connelly, Paul J. Coughlin, III, Eugene I. Davis, Paul H. Ferrar, Steven J. Friesen, Jonathan K. Hergert, M. William Lightner, Jr., Irwin Nathanson, Robert C. Ruocco, and Christopher M. Mackey, Defendants, and Anchor Glass Container Corporation, Nominal Defendants.

Court of Chancery of Delaware, New Castle County.

Decided: October 25, 2001.

Revised: October 30, 2001.

Attorney(s) appearing for the Case

Martin P. Tully and Matt Neiderman, Esquires, of Morris, Nichols, Arsht & Tunnell, Wilmington, Delaware; Of Counsel: Theodore Gewertz, Esquire, of Wachtell, Lipton, Rosen & Katz, New York, New York, Attorneys for Plaintiffs.

Stephen C. Norman, Kevin R Shannon, and Brian C. Ralston, Esquires, of Potter Anderson & Corroon, Wilmington, Delaware; Of Counsel: John M. Newman, Jr., Richard I. Werder, Jr., Edward J. Sebold, Esquires, of Jones, Day, Reavis & Pogue, Cleveland, Ohio, Attorneys for Defendant Anchor Glass Container Corporation.

Samuel A. Nolen and Dominick T. Gattuso, Esquires, of Richards, Layton & Finger, Wilmington, Delaware, Attorneys for Defendants John J. Ghaznavi, Richard M. Deneau, Roger L. Erb, David T. Gutowski, C. Kent May, Ahmad Ghaznavi, Andrew M. Boas, Patrick T. Connelly, Paul J. Coughlin, III, Eugene I. Davis, Paul H. Farrar, Steven J. Friesen, Jonathan K. Hergert, M. William Lightner, Jr., Irwin Nathanson, Robert C. Ruocco, and Christopher M. Mackey.

OPINION

STRINE, Vice Chancellor.

Defendant Anchor Glass Container Corporation has not held an annual meeting of its stockholders for over four years. As such, it is undisputed that Anchor must hold an annual meeting, as the plaintiffs have requested in this action pursuant to 8 Del. C. $211 and § 225. The question that remains hotly disputed is whether all the seats on Anchor's board of directors will be open for election at the meeting, or whether...

Let's get started

Leagle.com

Welcome to the leading source of independent legal reporting
Sign on now to see your case.
Or view more than 10 million decisions and orders.

  • Updated daily.
  • Uncompromising quality.
  • Complete, Accurate, Current.

Listed below are the cases that are cited in this Featured Case. Click the citation to see the full text of the cited case. Citations are also linked in the body of the Featured Case.

Cited Cases

  • No Cases Found

Listed below are those cases in which this Featured Case is cited. Click on the case name to see the full text of the citing case.

Citing Cases