Aubrey Morin

Morris James LLP

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Latest Posts › Caremark claim

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Chancery Holds that Board’s Failure to Respond to Whistleblower Complaint Detailing Violations of Banking Laws Supported a Claim...

Brewer v. Turner, C.A. No. 2023-1284-KSJM (Del. Ch. Sept. 29, 2025) - Directors and officers of Delaware corporations owe a duty of oversight under Caremark and its progeny. Relevant here, the duty of oversight requires...more

1/16/2026 / Banks , Board of Directors , Caremark claim , Corporate Governance , Delaware , Duty of Oversight , Financial Institutions , Overdraft Fees , Shareholder Litigation , Whistleblowers

Chancery Dismisses Fiduciary Duty Action Alleging Brophy and Caremark Claims For Failure to Plead Demand Futility

In re Plug Power Inc. Stockholder Derivative Litigation, C.A. No. 2022-0569-KSJM (Del. Ch. May 2, 2025) - Because derivative claims belong to the corporation, a stockholder seeking to prosecute a derivative suit must...more

9/19/2025 / Board of Directors , Caremark claim , Corporate Governance , Delaware , Demand Futility , Derivative Suit , Fiduciary Duty , Insider Trading , Motion to Dismiss , Shareholder Litigation

Chancery Confirms Bad Faith Pleading Standard for Officer Caremark Claims

Segway Inc. v. Hong Cai, C.A. No. 2022-1110-LWW (Del. Ch. Ct. Dec. 14, 2023) - The Caremark doctrine recognizes the duty of oversight for directors of Delaware corporations. Under In re McDonald's Corp. Stockholder...more

4/4/2024 / Board of Directors , Breach of Duty , Caremark claim , Fiduciary Duty , Shareholders

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