Publication Date: 2020-01-29
Practice Area: Corporate Governance
Industry: Transportation
Court: Delaware Supreme Court
Judge: Justice Seitz
Attorneys: For plaintiff: Michael J. Barry, John C. Kairis and Kimberly A. Evans, Grant & Eisenhofer P.A., Wilmington, DE; Jeffrey Reeves, Atlanta, GA for plaintiff.
for defendant: R. Judson Scaggs, Jr., Susan W. Waesco and Sabrina M. Hendershot, Morris, Nichols, Arsht & Tunnell LLP, Wilmington, DE; Susan S. Muck, Kevin P. Muck and Marie C. Bafus, Fenwick & West LLP, San Francisco, CA for defendants Camp, Graves, Huffington, Al-Rumayyan, Gurley and Bonderman. Donald J. Wolfe, Jr., T. Brad Davey, J. Matthew Belger and Jacob R. Kirkham of Potter Anderson & Corroon LLP, Wilmington, DE; Joseph G. Petrosinelli and Kenneth J. Brown, Williams & Connolly LLP, Washington, DC for defendant Kalanick. A. Thompson Bayliss and Michael A. Barlow, Abrams & Bayliss LLP, Wilmington, DE; Mark Gimbel, C. William Phillips and Bryant Pulsipher, Covington & Burling, LLP, New York, NY and San Francisco, CA for nominal defendant Uber Tech., Inc.
Case Number: D68860
The majority of a corporation's board of directors was disinterested in a transaction, so the court properly dismissed this matter due to the stockholder's failure to make a demand on the board prior to filing this litigation.