Shawe v. Elting

The Court of Chancery generally has broad discretion in fashioning certain equitable remedies.1 Although this might suggest that this Court should defer to the *170Chancellor who ordered one of the most extreme remedies possible — a sale of a financially successful corporation over the objections of one or more of its three stockholders — our review of the Court of Chancery’s order requires construction of a statute, namely, 8 Del, C. § 226 (“Section 226”). Embedded in this choice of remedy is the question of whether a court-appointed custodian has the power to force the sale of a stockholder’s…