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
- Board of Directors Derivative Suit Dilution Fiduciary Duty Preferred Shares Self-Dealing Stocks
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
- Caremark claim Class Action Derivative Suit Section 220 Request Shareholder Litigation Shareholders
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
- Corporate Taxes Derivative Suit Fiduciary Duty
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