Incumbent director elections invalidated, new election ordered and entire board of directors of MVC Capital replaced with our clients' slate for Millennium Partners

Case Abstract
Lowey Dannenberg represented largest stockholder in corporate control litigation spanning three courts.

Client
Millennium Partners.

Case Name
meVC Draper Fisher Jurvetson Fund 1, Inc. v. Millennium Partners, 260 F. Supp. 2d 616 (S.D.N.Y. 2003); Millenco L.P. v. meVC Draper Fisher Jurvetson Fund 1, Inc., 824 A.2d 11 (Del. Ch. 2002).

Result
Incumbent director elections invalidated, new election ordered and entire board of directors of MVC Capital replaced with our clients' slate.

Case Details
LDBS successfully represented Millenco L.P., a private investment fund, in litigation in the Delaware Chancery Court that resulted in the voiding of two elections of directors of meVC Draper Fisher Jurvetson Fund 1, Inc., a NYSE-listed closed end mutual fund, because of the incumbents� failure to disclose certain financial conflicts; and a contested proxy fight that included litigation in the United States District Court for the Southern District of New York that resulted in the replacement of the entire board of directors.