Item #1 of Introduction is in itself enough for me
Post# of 155256
(Total Views: 649)
Posted On: 08/26/2021 3:59:00 PM
Item #1 of Introduction is in itself enough for me to be turned off to their entire premise,,,,,,,smacks of desperation and juvenile name-calling, never mind the blatant falsehoods......
"This case is in response to the misconduct of the besieged and corrupt
Board of CytoDyn, which has directed CytoDyn to take irresponsible and illegal steps to prevent Plaintiffs from nominating a slate of candidates to unseat incumbent Board members through a fair proxy contest. So hungry to entrench themselves in self-serving positions and to continue bestowing bloated benefits on themselves, the Board is causing the Company to purport to reject Plaintiffs’ nominations of Board candidates and thereby to deprive Plaintiffs (as well as other stockholders) of the most fundamental franchise rights. Indeed, the unlawful attempt to have the Company thwart a fair proxy contest is only the latest in a pattern of corrupt acts by the Board. Only a few months ago, this Court (Fioravanti, V.C.) in a litigation involving the grant of stock awards to certain officers and directors said of the Board members: “I am deeply troubled by the behavior of the defendants in approving these awards. Based upon the record, this strikes me as a case of unmitigated greed”)emphasis added)."
"This case is in response to the misconduct of the besieged and corrupt
Board of CytoDyn, which has directed CytoDyn to take irresponsible and illegal steps to prevent Plaintiffs from nominating a slate of candidates to unseat incumbent Board members through a fair proxy contest. So hungry to entrench themselves in self-serving positions and to continue bestowing bloated benefits on themselves, the Board is causing the Company to purport to reject Plaintiffs’ nominations of Board candidates and thereby to deprive Plaintiffs (as well as other stockholders) of the most fundamental franchise rights. Indeed, the unlawful attempt to have the Company thwart a fair proxy contest is only the latest in a pattern of corrupt acts by the Board. Only a few months ago, this Court (Fioravanti, V.C.) in a litigation involving the grant of stock awards to certain officers and directors said of the Board members: “I am deeply troubled by the behavior of the defendants in approving these awards. Based upon the record, this strikes me as a case of unmitigated greed”)emphasis added)."
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