In Marchand v. Barnhill, No. 533, 2018, 2019 Del. LEXIS 310 (Del. June 18, 2019), the Delaware Supreme Court (Strine, C.J.) reversed a Delaware Court of Chancery (Slights, V.C.) order dismissing a derivative claim alleging...more
7/30/2019
/ Bad Faith ,
Blue Bell Creameries ,
Board of Directors ,
Breach of Duty ,
Caremark claim ,
DE Supreme Court ,
Derivative Suit ,
Duty of Loyalty ,
Food and Drug Administration (FDA) ,
Food Manufacturers ,
Food Safety ,
Listeria ,
Shareholder Litigation
In two recent decisions, City of Miami General Employees’ & Sanitation Employees’ Retirement Trust v. Comstock, C.A. No. 9980-CB, 2016 Del. Ch. LEXIS 133 (Del. Ch. Aug. 24, 2016) (Bouchard, C.) (“Comstock”), and Larkin v....more
9/6/2016
/ Breach of Duty ,
Business Judgment Rule ,
Controlling Stockholders ,
Corporate Counsel ,
Damages ,
Fairness Standard ,
Fiduciary Duty ,
Mergers ,
Motion to Dismiss ,
Putative Class Actions ,
Securities Litigation ,
Standard of Review
In In re Zagg Inc. Shareholder Derivative Action, No. 15-4001, 2016 U.S. App. LEXIS 11095 (10th Cir. June 20, 2016), the United States Court of Appeals for the Tenth Circuit held that stockholders of a Utah-based, Nevada...more
7/5/2016
/ Board of Directors ,
Breach of Duty ,
Demand Futility ,
Derivative Suit ,
Dismissals ,
Exculpatory Clauses ,
Fiduciary Duty ,
Personal Liability ,
Pleading Standards ,
Self-Interest ,
Shareholder Demands ,
Shareholder Litigation