Aerojet CEO’s Use of Company Resources Curbed in Board Fight (2)

A judge said she plans to limit the use of Aerojet Rocketdyne Holdings Inc. resources by the chief executive officer and her board allies in their campaign to secure control of the rocket-engine maker.

CEO Eileen Drake and her allies will be restricted in making statements and using company resources to back candidates in upcoming board elections, Delaware Chancery Court Judge Lori Will said on Tuesday. The judge, who also agreed to fast-track the litigation over the board battle, said she’d issue a final temporary restraining order later.

Drake and Board Chairman Warren Lichtensteinare going head-to-head in a proxy ...