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The Texas Business Court has granted Toby Neugebauer's motion for expedited discovery in a lawsuit brought by Fermi seeking to block shareholder accountability, handing the Fermi Board its second consecutive procedural defeat after an earlier loss in federal court.
The ruling centers on a Bylaw Amendment the Fermi Board adopted that imposes a 70% supermajority voting requirement to expand the size of the board.
What Expedited Discovery Means Here Expedited discovery is a court order requiring a defendant to produce documents and answer questions on an accelerated schedule, bypassing the months-long standard timeline that ordinary civil litigation allows.
The practical implication for Neugebauer is meaningful: Fermi will be required to disclose materials related to the bylaw amendment sooner rather than later, narrowing the board's room to stall while its governance maneuver remains in effect.
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