Seyfarth Synopsis: A Delaware Chancery Court judge last week dismissed a derivative complaint seeking to recover a $10 million severance payment made to a corporation’s former CEO because he found that plaintiff shareholder...more
Seyfarth Synopsis: On November 30, 2016, The Delaware Court of Chancery dismissed two derivative suits filed on behalf of the Bank of New York Mellon (“BNYM”). The companion memorandum and letter opinions reaffirm the heavy...more
12/8/2016
/ Bad Faith ,
Bank of New York (BNY) Mellon ,
Board of Directors ,
Breach of Duty ,
Burden of Proof ,
Corporate Counsel ,
Corporate Executives ,
Demand Futility ,
Derivative Suit ,
Dismissals ,
Fiduciary Duty ,
Foreign Exchanges ,
Pleading Standards ,
Shareholder Litigation ,
Special Committees