Del. Justices Ax Late Votes In BlackRock Board Battle

By Jeff Montgomery (January 13, 2020, 12:03 PM EST) -- Delaware's Supreme Court on Monday reversed a Chancery Court finding that BlackRock Advisors should count votes for a hedge fund's board candidates even though it missed a deadline for candidate questionnaires, but rejected claims that Saba Capital Master Fund challenged BlackRock's nomination requirements too late.

The decision, written by Justice Karen L. Valihura and joined by Chief Justice Collins J. Seitz Jr. and Justice Gary F. Traynor, sent the case back to Vice Chancellor Morgan T. Zurn for possible further consideration, while cautioning that they were not encouraging more litigation.

Vice Chancellor Zurn on June 27 struck down BlackRock's refusal to recognize...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!