Schnell v. Chris-Craft Industries, Inc.

MARVEL, Vice Chancellor:

Plaintiffs, who are stockholders of the\ defendant, seek a preliminary injunction/ against the carrying out by such corpora- { tion of a change in the date of its annual] meeting of stockholders which was ostensibly accomplished by an amendment to its by-laws adopted at a directors’ meeting held on October 18, 1971. As a result of such change in by-law and the fixing of a new date by the directors, such annual meeting is now scheduled to be held on December 8, 1971 instead of on the date fixed in the by-law in question before its amendment, namely the second Tuesday in…