Hauth v. Giant Portland Cement Co.

Bramhall, Vice Chancellor:

Plaintiff sought to enjoin defendant corporation and certain of its officers and directors from proceeding with the election of directors at the annual meeting of stockholders. Plaintiff alleged in his complaint that he had been a member of the board of directors of defendant corporation since 1941; that he had always been elected as a result of management proxies mailed to stockholders; that the proxies were in the form of general powers of attorney and did not set forth a proposed slate of directors; that the stock of defendant corporation was not listed on any…