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Now, what are they trying to do?

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They're trying to be idiots and succeeding. They flat out lied in their filing.

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Two stockholders in late-stage biotech venture CytoDyn Inc. sued the company in Delaware Chancery Court late Wednesday in a challenge to the company's "for cause only" restriction on director removals

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From Cytodyn's bylaws -

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SECTION 6. Removal. Except as otherwise provided by law, the Board of Directors may remove any officer with or without cause by the affirmative vote of a majority of the directors then in office.

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