In an unusual move, the Delaware Court of Chancery has appointed a receiver to ensure that a Delaware corporation holds an annual meeting as required by the state's General Corporation Law. The court had ordered the corporation to hold its annual stockholder meeting in several late-2012 rulings, but the corporation has insisted that a meeting cannot occur until its audited financial statements are filed.
Vice Chancellor Sam Glasscock III issued the June 12 letter opinion in Rich v. Fuqi International.
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