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STERNLICHT v. HERNANDEZ

C.A. No. 2023-0477-PAF.

BARRY STERNLICHT, DR. LEWIS GOLD, ELLIOT COOPERSTONE, Plaintiffs, v. MARLOW HERNANDEZ, ANGEL MORALES, JACQUELINE GUICHELAAR, ALAN MUNEY, KIM RIVERA, SOLOMON TRUJILLO, Defendants, and CANO HEALTH, INC., Nominal Defendant.

Court of Chancery of Delaware.

Decided: June 14, 2023.

Attorney(s) appearing for the Case

John M. Seaman , April M. Ferraro , ABRAMS & BAYLISS LLP, Wilmington, Delaware; Adrienne Ward , Lori Marks-Esterman , OLSHAN FROME WOLOSKY LLP, New York, New York; Attorneys for Plaintiffs Dr. Lewis Gold and Elliot Cooperstone.

John M. Seaman , April M. Ferraro , ABRAMS & BAYLISS LLP, Wilmington, Delaware; Tariq Mundiya , Richard Li , WILLKIE FARR & GALLAGHER LLP, New York, New York; Attorneys for Plaintiff Barry Sternlicht.

Blake Rohrbacher , Kevin M. Gallagher , Matthew W. Murphy , Nicole M. Henry , Jordan L. Cramer , Sandy Xu , Mari Boyle , Edmond S. Kim , Morgan R. Harrison , RICHARDS, LAYTON & FINGER, P.A., Wilmington, Delaware; Attorneys for Defendants Marlow Hernandez, Angel Morales, Jacqueline Guichelaar, Alan Muney, Kim Rivera, Solomon Trujillo, and Nominal Defendant Cano Health, Inc..

MEMORANDUM OPINION

Three former directors of Cano Health, Inc. ("Cano" or the "Company") ask the court to issue a preliminary injunction to prevent the Company from holding its annual meeting of stockholders on June 15, 2023 and to enjoin enforcement of the Company's advance notice bylaw. The plaintiffs, who...

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