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KLAASSEN v. ALLEGRO DEVELOPMENT CORP.

No. 583, 2013.

106 A.3d 1035 (2014)

Eldon KLAASSEN, Plaintiff and Counterclaim-Defendant Below, Appellant, v. ALLEGRO DEVELOPMENT CORPORATION, Raymond Hood, George Patrich Simpkins, Jr. Michael Pehl, and Robert Forlenza, Defendants and Counterclaimants Below, Appellees.

Supreme Court of Delaware.

Decided: March 14, 2014.

Attorney(s) appearing for the Case

R. Judson Scaggs, Jr. (argued), Kevin M. Coen and Frank R. Martin, Esquires, Morris, Nichols, Arsht & Tunnell LLP, Wilmington, Delaware; Of Counsel: George Parker Young, Anne Johnson and Kelli Larsen Walter, Esquires, Haynes and Boone, LLP, Fort Worth, Texas, for Appellant.

Peter J. Walsh, Jr., Ryan T. Costa, Potter Anderson & Corroon LLP, Wilmington, Delaware; Of Counsel: Van H. Beckwith (argued), Jonathan R. Mureen, Jordan H. Flournoy, Esquires, Baker Botts L.L.P., Dallas, Texas for Appellees Allegro Development Corporation, Raymond Hood, and George Patrich Simpkins, Jr., Lisa A. Schmidt, Jacob A. Werrett, Adrian D. Boddie, Esquires, Richards, Layton & Finger, P.A., Wilmington, Delaware; Of Counsel: Robert B. Lovett and Karen Burhans, Esquires, Cooley LLP, Boston, Massachusetts for Appellees Michael Pehl and Robert Forlenza.

Before HOLLAND, BERGER, JACOBS, and RIDGELY, Justices and JOHNSTON, Judge, constituting the Court en Banc.

I. INTRODUCTION

Plaintiff-below/appellant Eldon Klaassen ("Klaassen") appeals from a Court of Chancery judgment in this proceeding brought under 8 Del. C. § 225. The judgment determined that Klaassen is not the de jure chief executive officer ("CEO") of Allegro Development Corporation ("Allegro...

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