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CROWN EMAK PARTNERS, LLC v. KURZ

Nos. 64, 2010, 85, 2010.

992 A.2d 377 (2010)

CROWN EMAK PARTNERS, LLC, Defendant/Counterclaim Plaintiff, Appellant, v. Donald A. KURZ, Sems Diversified Value, LP, Lloyd M. Sems, Philip S. Kleweno, Michael Konig, and Take Back EMAK, LLC, Plaintiffs/Counterclaim Defendants, Appellees. James L. Holbrook, Jr., Defendant Below, Appellant, v. Donald A. Kurz and Sems Diversified Value, LP, Plaintiffs Below, Appellees.

Supreme Court of Delaware.

Decided: April 21, 2010.

Attorney(s) appearing for the Case

Stephen E. Jenkins, Esquire (argued), Catherine A. Gaul, Esquire, and Andrew D. Cordo, Esquire, Ashby & Geddes, Wilmington, Delaware; Steven K. Talley, Esquire, Gibson, Dunn & Crutcher LLP, Denver, Colorado, for appellant, Crown EMAK Partners, LLC.

Collins J. Seitz, Jr., Esquire, and Bradley R. Aronstam, Esquire, Connolly Bove Lodge & Hutz LLP, Wilmington, Delaware, for appellant, James L. Holbrook, Jr.

Andre G. Bouchard, Esquire and Joel Friedlander, Esquire (argued), Bouchard Margules & Friedlander, P.A., Wilmington, Delaware, for appellees Donald A. Kurz, Sems Diversified Value, LP, Lloyd M. Sems, Philip S. Kleweno, Michael Konig and Take Back EMAK, LLC.

Before STEELE, Chief Justice, HOLLAND, BERGER, JACOBS and RIDGELY, Justices, constituting the Court en Banc.

HOLLAND, Justice.

This is a consolidated appeal from a final judgment entered by the Court of Chancery pursuant to Rule 54(b). This proceeding involves competing requests for relief under section 225 of the Delaware General Corporation Law (the "DGCL").1 At issue is which of two competing factions lawfully controls the board of directors (the "Board") of EMAK Worldwide, Inc. ("EMAK").

Prior to December 18, 2009, the Board had six...

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