KELLNER v. AIM IMMUNOTECH INC.

C.A. No. 2023-0879-LWW.

307 A.3d 998 (2023)

Ted D. KELLNER, Plaintiff and Counterclaim-Defendant, v. AIM IMMUNOTECH INC., Defendant and Counterclaim-Plaintiff, and Thomas Equels, William Mitchell, Stewart Appelrouth, and Nancy K. Bryan, Defendants.

Court of Chancery of Delaware.

Date Decided: December 28, 2023.


Attorney(s) appearing for the Case

John M. Seaman , Eric A. Veres & Eliezer Y. Feinstein , ABRAMS & BAYLISS LLP, Wilmington, Delaware; Jeffrey J. Lyons & Michael E. Neminski , BAKER & HOSTETLER LLP, Wilmington, Delaware; Teresa Goody Guillén , BAKER & HOSTETLER LLP, Washington, D.C.; Marco Molina , BAKER & HOSTETLER LLP, Costa Mesa, California; Ambika B. Singhal , BAKER & HOSTETLER LLP, Dallas, Texas; Alexandra L. Trujillo , BAKER & HOSTETLER LLP, Houston, Texas; Counsel for Ted D. Kellner.

William R. Denny , Matthew F. Davis , Nicholas D. Mozal & Caneel Radinson-Blasucci , POTTER ANDERSON & CORROON LLP, Wilmington, Delaware; Stefan Atkinson , Mary T. Reale & Mason E. Reynolds , KIRKLAND & ELLIS LLP, New York, New York; Michael F. Williams & Don Hong , KIRKLAND & ELLIS LLP, Washington, D.C.; Counsel for Thomas Equels, William Mitchell, Stewart Appelrouth, Nancy K. Bryan, and AIM ImmunoTech Inc.


OPINION

This post-trial decision resolves an expedited action regarding the adoption and enforcement of advance notice bylaws. It harkens back to a related case heard last year and hints at what coming activism disputes may bring. One could say that my holiday season was visited by litigation past, present, and future...

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