Texas Business Court Grants Expedited Discovery Motion in Shareholder Dispute at Fermi Inc.
The Texas Business Court granted Toby Neugebauer's motion for expedited discovery, requiring Fermi Inc. to provide documentation and testimony regarding its bylaw amendment that imposes a 70% supermajority voting requirement. The decision follows the company’s failed attempt in federal court to block shareholder accountability measures.
Tickers: $FRMI
Topics: board of directors corporate governance legal action shareholders' rights