The Delaware Court of Chancery has dismissed a derivative suit accusing the directors of technology company Richardson Electronics of hiding from investors the details of “flawed” stock buybacks by the firm’s chief executive.

Chancellor Andre G. Bouchard on Wednesday said that while Richardson Electronics’ board did mislead plaintiff Steven H. Busch in the run-up to the litigation, it was unclear whether Busch had actually relied on those representations in deciding whether to make a demand that the directors consider pursuing their own litigation.