Simon Property Group, Inc. v. Taubman Centers, Inc.

ORDER

ROBERTS, District Judge.

I. INTRODUCTION

This matter is before the Court on Defendants’ Motion to Dismiss for Failure to State a Claim Upon Which Relief can be Granted under the Control Share Acquisition Act. Defendants request dismissal of Count I of Plaintiffs’ five-count complaint. In Count I, Plaintiffs seek a declaration that certain stock acquired by Defendants does not have voting rights and requests injunctive relief to prohibit Defendants from voting this stock. 1

For the reasons stated below, the Court GRANTS in part and DENIES in part, Defendants’ Motion.

II. BACKGROUND

Plaintiffs…