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Del. Court Finds 1 Of 6 Bylaws Invalid But All Unenforceable

By Leslie A. Pappas (July 12, 2024, 11:02 PM EDT) -- Only one of six contested advance-notice bylaws that Florida pharma company AIM Immuno Tech Inc. adopted in response to an activist shareholder's proxy contest is actually invalid but none remain enforceable because the board adopted them primarily to thwart the shareholder's challenge, Delaware's Supreme Court has ruled....

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