Fermi Can’t Stop Shareholder Meeting Planned by Ousted CEO (2)

Fermi Inc., building the world’s largest data center campus in Texas, can’t prevent its fired co-founder from holding a special shareholder meeting to discuss the board adding new directors, a federal judge said.

Only Fermi’s shareholders, not the company itself, could bring a cause of action to block a meeting called by Toby Neugebauer, Judge James Wesley Hendrix of the Northern District of Texas said in a Wednesday order. Neugebauer initially planned the meeting for May 29 but is now looking at a date in late June after it was canceled by the board and Fermi’s executive office.

The ...