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

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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