Dell Sets Hollow Annual Meeting, Heeding Strine's Order

Law360, New York (September 24, 2013, 6:48 PM EDT) -- Dell Inc. on Tuesday invited shareholders to a meaningless annual meeting rather than disobey a Delaware court order from Chancellor Leo E. Strine Jr., a reminder of the company's bumpy path on the way to a $25 billion buyout at the hands of its founder and CEO.

The company mailed its proxy statement for an Oct. 17 meeting, urging shareholders to re-elect a board that, if all goes as planned, will serve for less than two weeks. It's an unusual move; most companies on the eve...
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