Publication Date: 2018-01-03
Practice Area: Corporate Entities | Corporate Governance
Industry: Energy | State and Local Government
Court: Delaware Supreme Court
Judge: Justice Seitz
Attorneys: For plaintiff: Martin S. Lessner, Kathaleen St. J. McCormick, Nicholas J. Rohrer, and Meryem Y. Dede, Young Conaway Stargatt & Taylor LLP, Wilmington, DE; Robert A. Hoffman, Jeffrey W. Golan, and Julie B. Palley, Barrack, Rodos & Bacine, Philadelphia, PA; Felipe J. Arroyo, Shane P. Sanders, and Gina Stassi, Robbins Arroyo LLP, San Diego, CA; Judith S. Scolnick, Donald. A. Broggi, and Thomas. L. Laughlin, Scott+Scott, Attorneys at Law, LLP, New York, NY; Peter B. Andrews and Craig J. Springer, Andrews & Springer LLC, Wilmington, DE; Alfred G. Yates, Law Offices of Alfred G.Yats, Jr., Pittsburgh, PA, attorneys for appellants
for defendant: Kenneth J. Nachbar, Susan W. Waesco, and Alexandra M. Cumings, Morris, Nichols, Arsht & Tunnell LLP, Wilmington, DE; Jack B. Jacobs, Sidley Austin LLP, Wilmington, DE; Steven M. Bierman, Andrew W. Stern, and Elizabeth A. Espinosa, Sidley Austin LLP, New York, NY, attorneys for appellees.
Case Number: D67990
Derivative complaint properly dismissed for failure to make litigation demand where stockholders allegations only established exculpated claim for directors bad faith, rather than personal liability for companys environmental violations.