Morrissey v. County Tower Corp.

Joseph 0. Morrissey, Jr., a shareholder in County Tower Corp., brought this action individually and on behalf of the corporation for money damages and to secure in-junctive relief voiding the results of a special meeting of shareholders at which amendments to County Tower’s articles of incorporation and by-laws were adopted. The effect of the amendments was to make it more difficult for a large shareholder to bring about a merger or consolidation of County Tower with another entity by requiring, in the alternative, supermajority approval of the combination or compliance with other protective…