
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…