Oderah C Nwaeze

Oderah C Nwaeze

September 11, 2019 | Delaware Business Court Insider

Chancery Declines to Stay Action in Derivative Lawsuit Involving Special Litigation Committee

After the filing of a derivative lawsuit, it is common for the board of the company at issue to form a special litigation committee that will move to stay the action while it evaluates whether to pursue the derivative claims. More often than not, the Delaware Court of Chancery will grant that motion.

By Oderah C. Nwaeze

6 minute read