case United States English original

Blasius Industries, Inc. v. Atlas Corp.

Delaware Chancery decision treating board action taken for the primary purpose of interfering with shareholder voting as requiring a compelling justification.

Use It For

Use this with shareholder-meeting and resolution-challenge materials to compare voting as a governance right and as a litigation trigger.

Teaching Notes

Blasius is useful even after later doctrinal refinements because it gives students the vocabulary of the shareholder franchise.