High River Ltd. Partnership v. Mylan Laboratories, Inc.

MEMORANDUM

CONNER, District Judge.

A corporate proxy battle has spilled into the judicial arena. High River Limited Partnership (“High River”), a major shareholder in Mylan Laboratories, Inc. (“My-lan”), alleges that the current Mylan corporate directors, faced with an upcoming annual meeting at which High River and other dissatisfied shareholders would likely elect a new board, amended nomination procedures in an attempt to thwart the election and entrench themselves in their positions. The complaint in this case seeks a declaration that these amendments are null and void.

The latest salvo in…