Kalageorgi v. Victor Kamkin, Inc.

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• “Under Delaware law, each director ‘shall hold office until such director’s successor is elected and qualified or until such director’s earlier resignation or removal.’”
• board’s pattern of conduct after issuing the contested stock without formal approval at a board meeting showed clear proof of its intention to authorize the issuance
• despite the absence of a formal board meeting or written consent, the evidence supported only one inference, that the directors intended to authorize the issuance of shares to the defendants

Source: CourtListener parenthetical corpus (CC0).