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Lacos Land Co v Arden Group Inc
''Lacos Land Co v Arden Group, Inc'', 517 A 2d 271 (Del Ch 1986) is a US corporate law case, concerning coercive tactics by a board of directors in pursuing charter amendments.
==Facts==
A new class B with ten votes per share, entitled to elect 75% of the Arden board was proposed by the major shareholder and CEO, Bernard Briskin. B shares would have reduced dividend rights and limits on transfers. All Arden shareholders could exchange their common shares for the new class B shares. Lacos Land Co sought an injunction, arguing it was merely a device to transfer control to Mr Briskin, because only Mr Briskin would be likely to take up the offer. 64% of votes were in favour, 14% were against from common stock and 74% in favour of preferred stock, half of which was on direction by management.
抄文引用元・出典: フリー百科事典『 ウィキペディア（Wikipedia）』
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