Harrah's Entertainment, Inc. v. JCC Holding Co.
Court of Chancery of Delaware
1Opinion of the Court
OPINION
STRINE, Vice Chancellor.
This is a dispute over whether plaintiff Harrah’s Entertainment, Inc. (“Harrah’s” or “HET”) can nominate more than one director for election at the annual meeting of defendant JCC Holding Company, Inc., now scheduled for June 4, 2002. Harrah’s nominated two candidates to compete for the two board seats up for election at that annual meeting.
JCC rejected Harrah’s second nominee, contending that language in the JCC charter limited Harrah’s to nominating one director at this meeting - the first to occur after JCC’s most recent bankruptcy reorganization (the “First…
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