Cable Advertising Networks, Inc. v. DeWoody

OPINION

ALLEN, Chancellor.

Cable Advertising Networks, Inc., (“Cable”) is a Delaware corporation with its prin*1384cipal place of business in the State of Texas. Having just filed a complaint in this court, Cable now moves for the ex parte sequestration of certain property of the named defendants, Michael and Paul DeWoody, in order to compel the DeWoodys to appear in this action. These individuals are, according to the allegations of the complaint, residents of Texas and former stockholders of Cable. The complaint alleges that through a reverse stock split and a board resolution’ under 8 Del.C. §…