Bebchuk v. CA, INC.

OPINION

LAMB, Vice Chancellor.

The question presented by this declaratory judgment action is whether a stockholder proposed bylaw that seeks to limit the authority of a board of directors to enact a stockholder rights plan of unlimited duration is valid under Delaware law. Because the proposed bylaw has not yet been adopted by the stockholders and because no other compelling justification exists to trigger this court’s jurisdiction, the court concludes that the issue in this case is not yet ripe for consideration. Accordingly, the plaintiffs request for declaratory relief is denied.

I

A. Parties

Lu…