Monday, February 16, 2004

Big Ownership Battle in Delaware's Chancery Court this Week

It's kind of fun having Wilmington, Delaware, referred to as an otherwise obscure outpost of corporate America. That's what the is calling it in an article about a shareholder's battle:
This week's case will hear a lawsuit brought by Hollinger International, which seeks to stop Lord Black selling his 73 per cent voting stake in the company held through Hollinger Inc to Sir David and Sir Frederick Barclay - a surprise deal that was sprung on the world last month. Lord Black is countersuing to safeguard the transaction.
It should make for a couple of interesting days around the courthouse. I'll see if I can get some snapshots.