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McKESSON CORP. v. DERDIGER

Civil Action No. 19037.

793 A.2d 385 (2002)

McKESSON CORPORATION, Plaintiff, Counterclaim-Defendant, v. Howard DERDIGER, Defendant, Counterclaim-Plaintiff.

Court of Chancery of Delaware, New Castle County.

Decided: January 10, 2002.

Attorney(s) appearing for the Case

Anthony W. Clark and Paul J. Lockwood, of Skadden, Arps, Slate, Meagher & Flom LLP, Wilmington, Delaware, Attorneys for Plaintiff, Counterclaim-Defendant McKesson Corporation.

Ronald A. Brown, Jr., of Prickett, Jones & Elliott, Wilmington, Delaware; of Counsel: Arthur T. Susman, of Susman & Watkins, Chicago, Illinois, Attorneys for Defendant, Counterclaim-Plaintiff Howard Derdiger.

OPINION

CHANDLER, Chancellor.

Plaintiff McKesson Corporation ("McKesson" or the "Company") seeks a declaratory judgment acknowledging the validity, under § 213(a) of Delaware's General Corporation Law ("DGCL"), of the May 25, 2001 record date McKesson set in connection with its July 25, 2001 annual shareholder meeting ("Annual Meeting"). Section 213(a) concerns the setting of a record date that establishes those stockholders entitled to vote...

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