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Judge Rules For Some Of Lichtenstein’s Claims, Says Both Aerojet Factions Have Qualified Slates

Cal Biesecker By
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Judge Rules For Some Of Lichtenstein’s Claims, Says Both Aerojet Factions Have Qualified Slates
Aerojet Rockedyne President and CEO Eileen Drake. Photo: Aerojet Rocketdyne.

A Delaware court last Thursday ruled in favor of some of the dissident Aerojet Rocketdyne [AJRD] directors’ claims against the company’s CEO Eileen Drake and her faction on the board but the upshot is that a shareholder meeting and vote already scheduled for June 30 will determine control of the rocket-making company going forward. “A disclaimer is necessary,” Vice Chancellor Lori Wills of the Delaware Court of Chancery said in her June 16 decision regarding her ruling in partial favor…

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