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Delaware Chancery Court Expands Number of Direct Claims Available to Stockholders

On March 15, 2013, the Delaware Court of Chancery denied motions to dismiss filed by a group of director defendants and certain affiliated funds for claims brought by a group of stockholders. The claims allege that the...more

Delaware Chancery Court Dismisses Stockholder's Derivative Claim Because of Inadequate Representation for Failing to First Make a...

On September 25, 2012, the Delaware Chancery Court dismissed, with prejudice, a named plaintiff's derivative claim because of inadequate representation. The dismissal applied to the named plaintiff's claim only — not to...more

Delaware Chancery Court Holds that No Per Se Fiduciary Duty to Minimize Corporate Taxes Exists

On June 29, 2012, the Delaware Chancery Court dismissed a derivative lawsuit alleging breach of fiduciary duty for corporate waste for failure to minimize the corporation's taxes because the court found that there is no...more

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