A FuboTV Inc. stockholder is challenging a part of the company’s certificate of incorporation that grants a single stockholder an “exclusive right” to stop company directors from being removed from office.
Dennis Kelly is asking in his suit filed Thursday that the Delaware Court of Chancery declare the streaming company’s removal provision to be void because it violates the Delaware General Corporation Law and state common law.
The “single stockholder” Kelly refers to is Hulu LLC, a nonparty that currently owns shares of Fubo’s Class A and Class B common stock. In January of 2025, Walt Disney Co. agreed to ...
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