Publication Date: 2021-11-30
Practice Area: Corporate Governance
Industry: Technology Media and Telecom
Court: U.S. District Court of Delaware
Judge: District Judge Andrews
Attorneys: For plaintiff: Blake A. Bennett, Cooch & Taylor, P.A. Wilmington, DE, Francis A. Bottini, Jr., Albert Y. Chang, Anne Beste, Yury A. Kolesnikov, Bottini & Bottini, Inc., La Jolla, CA for plaintiffs.
for defendant: Peter J. Walsh, Jr., Jonathan A. Choa, Potter, Anderson & Corroon, LLP, Wilmington, DE; Koji Fukumura, Peter M. Adams, Heather Speers, Cooley, LLP, San Diego, CA; Brian French, Cooley, LLP, New York, NY for defendants.
Case Number: D69626
The court held that plaintiffs' claims for breach of fiduciary duties, aiding and abetting breach of fiduciary duties, and unjust enrichment should be dismissed for failing to plead demand futility.