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Corporations
Blasius Industries, Inc. v. Atlas Corp. (Del. Ch. 1988)
Questions:
- In what way does Blasius not only apply but expand on Schnell?
- Is the vote at issue a normal vote taken at a meeting?
- What did the Atlas board do to frustrate the vote, and why would that work?
- What exactly does Chancellor Allen have to say about corporate voting— what is it about voting that is important?
- Does Allen’s discussion of voting, its importance, and its judicial treatment matter for the ultimate outcome of the case here?
- If not, why would he have bothered?
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