Confirm favorite deletion?
Business Entities Keyed to Chiappinelli
Greenmont Capital Partners I, LP v. Mary’s Gone Crackers, Inc.
Citation:2012 WL 4479999 (Del. Ch. Sept. 28, 2012)
At the time of the transactions in question, Greenmont owned 7,430,503 shares of the Series B preferred. The Charter lists twelve actions that must be approved by a majority of the Series B preferred to have effect. The twelve actions include any amendment, alteration, repeal or waiver of any provision of the certificate of incorporation or any agreement or action that alters the voting or other powers, privileges, or restrictions of the Series B preferred. On February 8, 2012, MGC solicited certain holders of preferred to elect an automatic conversion of the preferred into common stock. The company limited its solicitation to holders of preferred who indicated that they would support an automatic conversion; it did not solicit Greenmont. On February 17, 2012, MGC received written consent from a majority of the preferred to convert preferred into common stock. Later that day, the MGC board voted to amend the Charter, which eliminated the provisions related to the preferred.
Only StudyBuddy Pro offers the complete Case Brief Anatomy*
Access the most important case brief elements for optimal case understanding.
*Case Brief Anatomy includes: Brief Prologue, Complete Case Brief, Brief Epilogue
- The Brief Prologue provides necessary case brief introductory information and includes:
Topic:Identifies the topic of law and where this case fits within your course outline.
Parties:Identifies the cast of characters involved in the case.
Procedural Posture & History:Shares the case history with how lower courts have ruled on the matter.
Case Key Terms, Acts, Doctrines, etc.:A case specific Legal Term Dictionary.
Case Doctrines, Acts, Statutes, Amendments and Treatises:Identifies and Defines Legal Authority used in this case.
- The Case Brief is the complete case summarized and authored in the traditional Law School I.R.A.C. format. The Pro case brief includes:
Brief Facts:A Synopsis of the Facts of the case.
Rule of Law:Identifies the Legal Principle the Court used in deciding the case.
Facts:What are the factual circumstances that gave rise to the civil or criminal case? What is the relationship of the Parties that are involved in the case.
Issue(s):Lists the Questions of Law that are raised by the Facts of the case.
Holding:Shares the Court's answer to the legal questions raised in the issue.
Concurring / Dissenting Opinions:Includes valuable concurring or dissenting opinions and their key points.
Reasoning and Analysis:Identifies the chain of argument(s) which led the judges to rule as they did.