Donald A. KURZ and Sems Diversified Value, LP, Plaintiffs,
v.
James L. HOLBROOK, Jr., et al., Defendants.
James L. Holbrook, Jr., et al., Counterclaim Plaintiffs,
v.
Donald A. Kurz and Sems Diversified Value, LP, Counterclaim Defendants, and
James L. Holbrook, Jr., et al., Third-Party Plaintiffs,
v.
Take Back EMAK, LLC, Third-Party Defendants,
Crown EMAK Partners, LLC, Counterclaim and Third-Party Plaintiff,
v.
Donald A. Kurz, et al., Counterclaim and Third-Party Defendants.
Court of Chancery of Delaware.https://leagle.com/images/logo.png
Submitted: February 4, 2010.
Decided: February 9, 2010.
Attorney(s) appearing for the Case
Andre G. Bouchard, Esquire, David J. Margules, Esquire, Joel Friedlander, Esquire, Sean M. Brennecke, Esquire, Bouchard Margules & Friedlander, P.A., Wilmington, DE, for Plaintiffs Donald A. Kurz, Sems Diversified Value, LP, Lloyd M. Sems, Philip S. Kleweno, Michael Konig and Take Back EMAK, LLC.
Stephen E. Jenkins, Esquire, Catherine A. Gaul, Esquire, Andrew D. Cordo, Esquire, Peter Faben, Esquire, Ashby & Geddes, Wilmington, DE; Steven K. Talley, Esquire, Gibson, Dunn & Crutcher LLP, Denver, CO; Jeremy W. Stamelman, Esquire, Gibson, Dunn & Crutcher LLP, Los Angeles, CA, for Defendant and Counterclaim and Third-Party Plaintiff Crown EMAK Partners, LLC and Defendants Jeffery Deutschman and Jason Ackerman.
William O. LaMotte, III, Esquire, Kenneth J. Nachbar, Esquire, Christine D. Haynes, Esquire, Shannon E. German, Esquire, Morris Nichols Arsht & Tunnell LLP, Wilmington, DE; Thad A. Davis, Esquire, Ropes & Gray LLP, San Francisco, CA, for Defendants EMAK Worldwide, Inc. and James L. Holbrook, Jr.
Collins J. Seitz, Jr., Esquire, Bradley Aronstam, Esquire, Connolly, Bove, Lodge & Hutz LLP, Wilmington, DE, for Defendants Stephen P. Robeck, Howard D. Bland and Jordan H. Rednor.
Court of Chancery of Delaware.
OPINION
LASTER, Vice Chancellor.
This post-trial opinion resolves competing requests for relief under Section 225 of the Delaware General Corporation Law (the "DGCL"). 8 Del. C. § 225. At stake is control of the board of directors (the "Board") of EMAK Worldwide, Inc. ("EMAK" or the "Company").
Prior to December 18, 2009, the Board had six directors and one vacancy. On December 18, one director resigned, creating a second vacancy. The...
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