Andrews Corporate Officers and Directors Liability Litigation Reporter
November 5, 2001
Preferred Stock Rights
Copyright (c) 2001 Andrews Publications
COURT MAKES EXCEPTION, ALLOWS IMMEDIATE APPEAL OF PRELIMINARY INJUNCTION
Telcom-SNI Investors v. Sorrento Networks
Officers of a California telecommunications company have a green light to appeal a preliminary injunction by the Delaware Chancery Court that bars them from issuing more new preferred stock without a vote by the current preferred shareholders. Vice...