Barnwell Industries Inc. is experiencing significant shareholder activism as the Sherwood Group, a major shareholder holding approximately 29.90% of the company's outstanding shares, has voiced strong disapproval of the current management. The Delaware court recently invalidated the Sherwood Group's slate of Board candidates from being considered at Barnwell's upcoming annual meeting, despite receiving approximately 42% of vote support from shareholders. The Sherwood Group has expressed disappointment with the court's decision and the SEC's perceived lack of action regarding transparency and disclosure issues within Barnwell. The group criticizes current management for allegedly prioritizing legal defenses over addressing the company's financial viability and has called for changes, citing chronic underperformance and governance concerns. The situation highlights ongoing tensions between Barnwell's management and its shareholders, as the company navigates through governance and performance challenges.