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KLAASSEN v. ALLEGRO DEVELOPMENT CORP.

No. 583, 2013.

106 A.3d 1035 (2014)

Eldon KLAASSEN, Plaintiff and Counterclaim-Defendant Below, Appellant, v. ALLEGRO DEVELOPMENT CORPORATION, Raymond Hood, George Patrich Simpkins, Jr. Michael Pehl, and Robert Forlenza, Defendants and Counterclaimants Below, Appellees.

Supreme Court of Delaware.

Decided: March 14, 2014.

Attorney(s) appearing for the Case

R. Judson Scaggs, Jr. (argued), Kevin M. Coen and Frank R. Martin, Esquires , Morris, Nichols, Arsht & Tunnell LLP, Wilmington, Delaware; Of Counsel: George Parker Young , Anne Johnson and Kelli Larsen Walter, Esquires , Haynes and Boone, LLP, Fort Worth, Texas, for Appellant.

Peter J. Walsh, Jr. , Ryan T. Costa , Potter Anderson & Corroon LLP, Wilmington, Delaware; Of Counsel: Van H. Beckwith (argued), Jonathan R. Mureen , Jordan H. Flournoy, Esquires , Baker Botts L.L.P., Dallas, Texas for Appellees Allegro Development Corporation, Raymond Hood, and George Patrich Simpkins, Jr., Lisa A. Schmidt , Jacob A. Werrett , Adrian D. Boddie, Esquires , Richards, Layton & Finger, P.A., Wilmington, Delaware; Of Counsel: Robert B. Lovett and Karen Burhans, Esquires , Cooley LLP, Boston, Massachusetts for Appellees Michael Pehl and Robert Forlenza.

Before HOLLAND, BERGER, JACOBS, and RIDGELY, Justices and JOHNSTON, Judge, constituting the Court en Banc.

I. INTRODUCTION

Plaintiff-below/appellant Eldon Klaassen ("Klaassen") appeals from a Court of Chancery judgment in this proceeding brought under 8 Del. C. § 225. The judgment determined that Klaassen is not the de jure chief executive officer ("CEO") of Allegro Development Corporation ("Allegro...

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