4 ms·
Would laches necessarily apply here? If the contract did not specify that he needed to take part in the voting or other corporate formalities, it seems like a c
by Scott_MacGregor 16y ago
Would laches necessarily apply here? If the contract did not specify that he needed to take part in the voting or other corporate formalities, it seems like a credible argument could be made that he is not trying to enforce anything until right now. Simply taking a hands off approach to his investments. Also, if he was not notified of Shareholder Meetings, does this raise other legal issues for Facebook's Board? Could this become a can of worms for the Board?
As an illustration, if he bought, or was gifted a Ferrari and didn't drive it for several years, but allowed someone else to drive it, then one day went to unlock the door to begin driving the car, but found the current driver had changed the locks would laches apply in this instance. To me this seems similar.