Delaware General Corporation Law section 225 provides a summary procedure by which the Court of Chancery at the request of a shareholder, director, or officer can determine the validity of an appointment, election, removal, or resignation, of a director or officer. Assuming proxy access withstands the legal challenge recently filed by the Chamber and the BRT, we're likely to see more 225 cases as the validity of the election of shareholder board nominees comes under challenge.
Delaware practitioners Kevin Brady and Francis Pileggi have recently published a concise review of Kurz v. Holbrook,989 A.2d 140 (Del. Ch. 2010), a key recent 225 case. because the case raised the issue of "the process of voting stock that is not registered in the name of the person who bought the stock," it will be potentially relevant to the SEC's ongoing review of proxy "plumbing."
They then go on to discuss some other recent 225 cases.