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downsideup

10/09/12 4:37 PM

#58504 RE: HighRider #58497

I think that is exactly wrong.

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wooden

10/11/12 6:39 PM

#58539 RE: HighRider #58497

HR,......The Delaware case only spoke to the fact that none of the BOD were elected by the shareholders. The judge did not rule they were illegal.....

Dose this not establish my point? I am not sure how the law applies here but my thoughts were that Directors must be elected by shareholders, thus the BOC was illegal, and illegally making deals that, again, the shareholders did not vote on. Am I wrong?