Court of Chancery of Delaware October 8, 2004, Civ. A. 18672 (McGowan v. Ferro)

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United States · · · 08-10-2004

OPINION

PARSONS, Vice Chancellor.

Plaintiff,' Edward T. McGowan (“McGowan”), a director and stockholder of Empress Entertainment, Inc. (“Empress”), brought this action against the other six members of Empress’s Board of Directors,

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all of whom were significant stockholders (the “director defendants”), and also against Empress’s former President, Joseph Canfora (“Canfora”), and Horseshoe Gaming

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