On April 27, 2020, the Delaware Court of Chancery for the third time in a year denied a motion to dismiss a Caremark claim. The case, Hughes v. Hu, involves a derivative claim against the audit committee and officers of a...more
5/29/2020
/ Audit Committee ,
Board of Directors ,
Breach of Duty ,
Caremark claim ,
Derivative Suit ,
Disclosure Requirements ,
Duty of Loyalty ,
Fiduciary Duty ,
Motion to Dismiss ,
Related Parties ,
Shareholder Litigation
In a rebuke to the Ninth Circuit, the Supreme Court granted the Amgen defendants’ petition for certiorari, reversed the Ninth Circuit’s judgment and remanded the case for further proceedings consistent with its opinion in the...more
1/28/2016
/ Amgen ,
Amgen Inc. v Connecticut Retirement Plans ,
Duty of Prudence ,
Employee Retirement Income Security Act (ERISA) ,
Failure To State A Claim ,
FIfth Third Bancorp v Dudenhoeffer ,
Material Nonpublic Information ,
Motion to Dismiss ,
Pleading Standards ,
SCOTUS ,
Stock Drop Litigation