Aubrey Morin

Aubrey Morin

Morris James LLP

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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 Finds that Would-Be Caremark Plaintiffs Failed to Plead Demand Futility

Bricklayers Pension Fund of W. Pa. v. Brinkley, C.A. No. 2022-1118-MTZ (Del. Ch. July 12, 2024) - In derivative cases where a stockholder-plaintiff has not made a pre-suit demand on the board of directors, demand futility...more

12/19/2024  /  Board of Directors , Breach of Duty , Demand Futility , Derivative Suit , Fiduciary Duty , Shareholder Litigation , Shareholders
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