Opinion 11.23.05

Vice Chancellor Lamb

Introduction +

Facts I.

• The Parties I.A.
• Prior Litigation I.B.
• The Mays Transactions I.C.

• Third-Party Transactions I.D.

• Vacant Properties, Loss-Making Properties, And
  Rockridge Farm I.E.

• Advancement Bylaw - Section 102(b)(7) Provision I.F.
• Disclosure Claims I.G.
• The Defendants Response I.H.

Applicable Standard II.

Analysis III.

• Res Judicata III.A.

• Laches III.B.

• Standing III.C.

• Breaches Of Fiduciary Duty And Waste III.D.

Conclusion IV.

Opinion 2.02.05

Vice Chancellor Lamb

Introduction +

Facts I

Applicable Standard II.

Conclusion III.