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  5. 582 A.2d 923 (1990)
 

CENTAUR PARTNERS v. NAT. INTERGROUP, INC.

582 A.2d 923 (1990)

CENTAUR PARTNERS, IV, Plaintiff Below, Appellant, v. NATIONAL INTERGROUP, INC., a Delaware corporation, Howard M. Love, Charles J. Bradshaw, Sigo Falk, Buck Mickel, R.L. Ireland, III, Jean Mayer, Joseph L. Hudson, Jr., J. Clayburn Laforce, Douglas D. Danforth, Charles T. Fisher, III, James S. Pasman, Jr., and Richard S. Smith, Defendants Below, Appellees.

Supreme Court of Delaware.

Decided: July 13, 1990.

Written Opinion: November 15, 1990.

Attorney(s) appearing for the Case

A. Gilchrist Sparks, III (argued), Lawrence A. Hamermesh and Robert J. Valihura, Jr., Morris, Nichols, Arsht & Tunnell, Wilmington, and Dennis J. Block, Nancy E. Barton, Dushica B. Protic and Timothy E. Hoeffner, Weil, Gotshal & Manges, New York City, of counsel, for appellant.

R. Franklin Balotti, C. Stephen Bigler, Gregory Varallo and Frederick L. Cottrell, III, Richards, Layton & Finger, Wilmington, and Norman Feit (argued), and D. Stuart Meiklejohn, Sullivan & Cromwell, New York City, of counsel, for appellees.

Before CHRISTIE, C.J., WALSH and HOLLAND, JJ.

WALSH, Justice:

This is an appeal by Centaur Partners, IV ("Centaur") from a decision of the Court of Chancery which determined that the classified Board of Directors of National Intergroup, Inc. ("National") could not be enlarged without an 80% supermajority stockholder vote. The Chancery litigation was a result of Centaur's efforts to increase the size of National's board of directors through the use of written consents to amend the by-laws in order to permit a...

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