Follow Up to my inquiry to the announced 'investigation' into GME - They actually replied.
Original Post: https://www.reddit.com/r/Superstonk/comments/1i21slb/glancy_prongay_murray_llp_announces_investigation/
And here is what they said (or at least the relevant bits) —
We are looking into a case against GameStop concerning the improper provision in their Certificate which requires that a Director may be removed “only for cause” by a vote of 80% of shareholders. However, Delaware law allows a Director to be removed with or without cause by a vote of a majority of shareholders. This impacts you and other shareholders because it makes it more difficult for you to remove a director. We would seek to have the Certificate amended to correct this. Would you be interested in being involved in this case?
Of course I told them fuck no (okay I was a little more polite than that) I'm not interested in being involved in their stupid 'case'.
I'm sure we all really don't care about their dumb reasons, but they did not disclose if they are engaging in this because someone asked them to do it, or because they just felt frisky. I pushed further on that, so let's see if they answer.
Stay tuned, I suppose.