(Download) "Thomas R. Waggoner and Patricia L" by Supreme Court of Delaware # eBook PDF Kindle ePub Free
eBook details
- Title: Thomas R. Waggoner and Patricia L
- Author : Supreme Court of Delaware
- Release Date : January 15, 1990
- Genre: Law,Books,Professional & Technical,
- Pages : * pages
- Size : 71 KB
Description
In this case we review issues involving the alleged creation of preferred stock with super-majority voting rights. Thomas
R. Waggoner and Patricia L. Waggoner (the "Waggoners") appeal from a judgment of the Court of Chancery determining that the
board of directors (the "Board") of STAAR Surgical Company ("STAAR") consists of LaMar F. Laster ("Laster"), John R. Ford
("Ford"), Howard P. Silverman ("Silverman"), Peter J. Utrata ("Utrata"), and Thomas R. Waggoner ("Waggoner"). 1 Waggoner
had attempted to replace the other members of the Board by executing a written consent purporting to vote the preferred stock
in question. The Court of Chancery assumed without deciding that the preferred stock held by Waggoner was validly issued,
but nonetheless ruled that the super-majority voting rights were void. Accordingly, Waggoner's attempted removal of the other
directors was improper. We agree and affirm.