The recent decision of Trusa v. Nepo, C.A. No. 12071-VCMR (Del. Ch. April 13, 2017), stands for the proposition that a creditor lacks standing to assert a derivative claim
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Derivative Suit Dismissed; Majority of Board Did Not Possess Substantial Risk of Personal Liability
By Fox Rothschild LLP on
In the case of Harold Grill 2 IRA v. Louis R. Chênevert, et al., Civil Action No. 7999-CS (June 24, 2013), the Court of Chancery ruled upon a motion…
Derivative Action Dismissed by the Court Under the McWane Doctrine
By Fox Rothschild LLP on
On February 28, 2013, the Court of Chancery, through its opinion of In re Diamond Foods, Inc. Derivative Litigation, C.A. No. 7657-CS (Del. Ch. Feb. 28, 2013), entered an…
Continue Reading Derivative Action Dismissed by the Court Under the McWane Doctrine