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IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE


GERALD KALLICK, on behalf of himself )
and all other similarly situated stockholders, )
   )
  Plaintiff, )
   )
v.  ) C.A. No. 8182-CS
   )
SANDRIDGE ENERGY, INC., a Delaware  )
Corporation, TOM L. WARD, JIM J. )  
BREWER, EVERETT R. DOBSON,  )  
WILLIAM A. GILLILAND, DANIEL W.   )
JORDAN, ROY T. OLIVER, JR., and  )
JEFFREY S. SEROTA, )
   )
  Defendants. )


OPINION


Date Submitted:  March 7, 2013
Date Decided:  March 8, 2013


Stuart M. Grant, Esquire, Michael J. Barry, Esquire, Bernard C. Devieux, Esquire, GRANT & EISENHOFER P.A., Wilmington, Delaware; Mark Lebovitch, Esquire, Jeremy Friedman, Esquire, BERNSTEIN LITOWITZ BERGER & GROSSMAN LLP, New York, New York, Attorneys for Plaintiff Gerald Kallick.

Donald J. Wolfe, Jr., Esquire, T. Brad Davey, Esquire, Justin Morse, Esquire, POTTER ANDERSON & CORROON LLP, Wilmington, Delaware; C. William Philips, Esquire, Mark P. Gimbel, Esquire, COVINGTON & BURLING LLP, New York, New York, Attorneys for Defendants SandRidge Energy, Inc., Tom L. Ward, Jim J. Brewer, Everett R. Dobson, William A. Gilliland, Daniel W. Jordan, Roy T. Oliver, Jr., and Jeffrey S. Serota.



STRINE, Chancellor.
The incumbent management and board of SandRidge Energy, an oil and natural gas business focusing on domestic exploration and production, face a serious proxy fight.  A hedge fund, TPG-Axon (.TPG.), which holds a 7% stake in SandRidge, has launched a consent solicitation to destagger SandRidge

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Delaware Law