Facts: Sandpiper, owning about 9% of First Capital REIT, sought a court order for an early special meeting to vote on removing and replacing four board members, arguing the scheduled meeting was unreasonably delayed.
Issues: Whether the delay to the special meeting requisitioned by Sandpiper was unreasonable and if the court should order an earlier meeting.
Ruling: The court ordered First Capital to hold the special meeting as soon as practicable after March 1, 2023, accepting Sandpiper's request for an earlier meeting date.
Amount Awarded: Not applicable, as the decision focused on the scheduling of a corporate governance meeting.
