Delaware Court Rules in Favor of AIM ImmunoTech and Declines to Declare Activist Group’s Nominations Valid
The Court concluded Jorgl and his group failed to show that [Jorgls Nomination] Notice complied with the bylaws.
- The Court concluded Jorgl and his group failed to show that [Jorgls Nomination] Notice complied with the bylaws.
- The limited record before me, however, suggests that the directors concluded a clandestine plan was afoot.
- When Lautz failed, Tudor, Chioini, and Xirinachs regrouped to find another stockholder to be the public face of their effort.
- Rice promised Jorgl he would not be on the hook for any expenses, and Jorgl submitted his nomination notice to AIM.