Delaware court of chancery grants expedition and discovery in hearing on company's last-minute expansion of board

This is the second time the board's actions have presented a "colorable claim" under delaware law crown castle's board of directors have shown blatant and cynical disregard for shareholders and the delaware court actions highlight years of governance and strategic blunders that have cost shareholders tens of billions of dollars in value court of chancery grants discovery to boots capital management to investigate whether crown castle had "legitimate corporate purpose" to expand board from 12 to 13 seats court of chancery to hold hearing in early may to assess potential shareholder remedies, including potential delay of annual meeting to permit adding 5th nominee to boots capital management 4-person slate court of chancery had requested on march 8 that crown castle give prior notice to boots capital management of major corporate developments,1  an instruction that, in boots capital management's view, the board ignored when it expanded the board from 12 to 13 ted b. miller and nominees of boots capital management call on shareholders to directly address the crown castle board for its willful disregard of shareholders and the court boots capital remains supportive of appointment of new ceo steven j.
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