Levin v. Metro-Goldwyn-Mayer, Inc.

Marvel, Vice Chancellor:

Plaintiff, who is a director of the defendant Metro-Goldwyn-Mayer, Inc., claims to be the record holder of 112,510 shares of such corporation. Furthermore, according to his complaint, he and his wife own directly or indirectly a total of approximately 10% of defendant’s currently issued and outstanding common stock. He seeks, a restraining order against the filing with the Secretary of State of Delaware of a charter amendment effected by the corporate defendant under the provisions of Title 8 Del.C. § 242, the issuance of stock authorized thereunder, and the removal…