Publication Date: 2023-03-14
Practice Area: Corporate Governance
Industry: Food and Beverage | Investments and Investment Advisory | Retail
Court: Court of Chancery
Judge: Vice Chancellor Laster
Attorneys: For plaintiff: Michael J. Barry, Christine M. Mackintosh, Rebecca A. Musarra, Vivek Upadhya, Michael D. Bell, Grant & Eisenhoffer P.A., Wilmington, DE; Barbara J. Hart, Grant & Eisenhoffer P.A., New York, NY; Geoffrey M. Johnson, Scott+Scott Attorneys At Law LLP, Cleveland Heights, OH; Jing-Li Yu, Scott+Scott Attorneys At Law LLP, New York, NY; Max R. Huffman, Scott+Scott Attorneys At Law LLP, San Diego, CA; Jeffrey M. Norton, Benjamin D. Baker, Newman Ferrara LLP, New York, NY for plaintiffs.
for defendant: Garrett B. Moritz, S. Reiko Rogozen, Holly E. Newell, Ross Aronstam & Moritz LLP, Wilmington, DE; Ronald L. Olson, George M. Garvey, Robert L. Dell Angelo, Brian R. Boessenecker, Munger, Tolles & Olson LLP, Los Angeles, CA; Daniel C. Herr, Law Offices of Daniel C. Herr LLC, Wilmington, DE; Shawn P. Naunton, Kathleen M. Miller, Julie M. O’Dell, Jason Z. Miller, Smith, Katzenstein & Jenkins LLP, Wilmington, DE for defendants.
Case Number: 2021-0324-JTL
The court granted defendant's motion to dismiss because plaintiff shareholders failed to plead facts sufficient to establish a claim for breach of fiduciary duty arising out of employee lawsuits and damaged reputation that resulted from the company's directors' decision to ignore red flags pertaining to a corporate culture that condoned sexual harassment and misconduct.