Haft v. Haft
Delaware Court of Chancery
671 A.2d 413 (1995)
Herbert Haft (defendant) was the founder and CEO of Dart Group Corporation (Dart). Herbert Haft transferred 57 percent of the voting stock of Dart to his son, Ronald Haft (plaintiff), in exchange for a promissory note granting Herbert Haft a lifetime irrevocable proxy to vote the transferred shares. Ronald Haft thereafter attempted to revoke the proxy.
Rule of Law
Holding and Reasoning (Allen, J.)
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