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SHINTOM CO., LTD. v. AUDIOVOX CORP.

No. 214,2005.

888 A.2d 225 (2005)

SHINTOM CO., LTD., a Japanese corporation, Plaintiff Below, Appellant, v. AUDIOVOX CORPORATION, a Delaware corporation, Defendant Below, Appellee.

Supreme Court of Delaware.

Decided: October 31, 2005.

Attorney(s) appearing for the Case

Jessica Zeldin, Rosenthal, Monhait, Gross & Goddess, P.A., Wilmington, DE, and Charles J. Moxley, Jr. (argued), Kaplan, Fox & Kilsheimer, New York City, for appellant.

Michael P. Kellye (argued) and A. Richard Winchester, McCarter & English, L.L.P., Wilmington, DE, for appellee.

Before HOLLAND, BERGER and JACOBS, Justices.

HOLLAND, Justice:

This is an appeal from a final judgment entered by the Court of Chancery. The plaintiff-appellant, Shintom Co., Ltd. ("Shintom") filed a complaint against the defendant-appellee, Audiovox Corporation ("Audiovox"), seeking to recover over $2,500,000 in consideration it paid for shares of preferred stock. Shintom's complaint alleged that the preferred stock of Audiovox is void under title 8, section 151(c...

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