This section contains the nature of the case and procedural background.

The directors of Chris-Craft Industries, Inc. (D) attempted to move the meeting previously set by the by-laws for January 11, 1972, to December 8, 1971. The court held that the directors of D took advantage of a new section of Delaware corporate law to cut the amount of time available to wage a proxy battle. The directors changed the date of the stockholder meeting by amending bylaws two days after the stockholder committee had filed an intention to wage a proxy fight with the S.E.C. The dissenting stockholders (Ps) instituted an action.

The legal issues presented in this case will be displayed here.

The court's holding and decision will be displayed here.

Legal analysis from Dean's Law Dictionary will be displayed here.