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Casebook Read Credits
Corporations
Resource 4 . 1 . 2
22 minutes

Blasius Industries, Inc. v. Atlas Corp. (Del. Ch. 1988)

Holger Spamann,
Jens Frankenreiter

Questions:

  1. In what way does Blasius not only apply but expand on Schnell?
  2. Is the vote at issue a normal vote taken at a meeting?
  3. What did the Atlas board do to frustrate the vote, and why would that work?
  4. What exactly does Chancellor Allen have to say about corporate voting— what is it about voting that is important?
  5. Does Allen’s discussion of voting, its importance, and its judicial treatment matter for the ultimate outcome of the case here?
  6. If not, why would he have bothered?

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