On June 26, 2025, in In re The Boeing Co. Deriv. Litig., Vice Chancellor Morgan Zurn of the Delaware Court of Chancery ordered a stay of all discovery pending the Court’s resolution of Defendants’ motion to dismiss...more
In a recent decision, Thomas J. Scaramellino v. Arencibia Holdco, LLC, the Delaware Court of Chancery refused to allow the unitholder of a Delaware LLC to access “informal” LLC books and records—email, text messages, Slack,...more
In a recent decision, In re Facebook Inc. Derivative Litigation, Vice Chancellor J. Travis Laster of the Delaware Court of Chancery imposed litigation sanctions on a former officer and director of Meta Platforms, Inc....more
5/7/2025
/ Corporate Officers ,
Data Preservation ,
Duty to Preserve ,
e-Discovery ,
Electronically Stored Information ,
Email ,
Fiduciary Duty ,
Litigation Hold ,
Sanctions ,
Shareholder Litigation ,
Spoliation
On January 29, 2025, in State of Rhode Island Office of the General Treasurer v. Paramount Global (the “Decision”), the Delaware Court of Chancery issued a post-trial opinion, broadening the types of sources a stockholder may...more
4/2/2025
/ Acquisitions ,
Books & Records ,
Corporate Governance ,
Corporate Misconduct ,
Delaware ,
Delaware General Corporation Law ,
Fiduciary Duty ,
Mergers ,
Private Equity ,
Private Equity Firms ,
Shareholder Litigation
On February 3, 2025, in In re Shanda Games Limited Securities Litigation, a divided panel of the U.S. Court of Appeals for the Second Circuit, allowed a putative investor class to proceed with securities fraud claims under...more