itssbri

(Bloomberg Law) -- Fermi Inc. can enforce a bylaw for now that co-founder Toby Neugebauer said stripped his authority to prepare the artificial intelligence powering project for sale, the Texas Business Court ruled Wednesday.

The bylaw change, which requires a 70% of shareholder approval to enact amendments, will remain in place pending a temporary injunction hearing, Judge Brian Stagner said in a written order.

Neugebauer failed to show an immediate need to block the bylaw before he presents a fuller argument that it was passed fraudulently to entrench incumbent directors and keep

(Bloomberg Law) -- Fermi Inc. must produce evidence on allegations that former US Energy Secretary Rick Perry and his son conspired with others to force out co-founder Toby Neugebauer from the artificial intelligence powering project, a judge indicated at a hearing Tuesday.
Neugebauer likely is entitled to limited discovery ahead of a temporary injunction hearing on a bylaw amendment that weakened his influence over the company in a fight among the board of directors, Judge Brian Stagner of the Texas Business Court said.

Fermi fired Neugebauer twice in April — notably for cause the