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The DE court has near total authority with regards to corporate governance. It generally chooses to exercise this power sparingly, but if the judge feels that a board is entrenched and is disregarding the shareholders, it may choose to be more proactive. Forcing the meeting sooner is a distinct possibility -- but by no means a forgone conclusion. Valeant is hoping for anything that will speed things up, every day that passes their case weakens and Allergan's options grow.Dan.
The DE court has near total authority with regards to corporate governance. It generally chooses to exercise this power sparingly, but if the judge feels that a board is entrenched and is disregarding the shareholders, it may choose to be more proactive. Forcing the meeting sooner is a distinct possibility -- but by no means a forgone conclusion. Valeant is hoping for anything that will speed things up, every day that passes their case weakens and Allergan's options grow.
Dan.