Publication Date: 2022-09-20
Practice Area: Corporate Governance
Industry: Investments and Investment Advisory | Software
Court: Court of Chancery
Judge: Vice Chancellor Glasscock
Attorneys: For plaintiff: Michael J. Barry, Vivek Upadhya, Grant & Eisenhofer, P.A., Wilmington, DE; Thomas Curry, Tayler D. Bolton, Saxena White P.A., Wilmington, DE; Chad Johnson, Noam Mandel, Desiree Cummings, Jonathan Zweig, Sarah Delaney, Robbins Geller Rudman & Dowd LLP, New York, NY; Jeremy S. Friedman, David Tejtel, Friedman Oster & Tejtel PLLC, Bedford Hills, NY, D. Seamus Kaskela, Kaskela Law LLC, Newton Square, PA; Julia Goldsmith Reiser, Cohen Milstein Sellers & Toll PLLC, Washington, DC; Richard A. Speirs, Amy Miller, Cohen Milstein Sellers & Toll PLLC, New York, NY for plaintiffs.
for defendant: Raymond J. DiCamillo, Kevin M. Gallagher, Alexander M. Krischik, Richards, Layton & Finger, P.A., Wilmington, DE; Sandra C. Goldstein, Stefan Atkinson, Byron Pacheco, Kirkland & Ellis LLP, New York, NY; William M. Lafferty, Ryan D. Stottmann, Alexandra M. Cumings, Morris Nichols Arsht & Tunnell LLP, Wilmington, DE; Sameer Advani, Wesley R. Powell, Patricia O. Haynes, Willkie Farr & Gallagher LLP, New York, NY; A. Thompson Bayliss, Stephen C. Childs, Abrams & Bayliss LLP, Wilmington, DE; Peter L. Welsh, C. Thomas Brown, Patrick T. Roath, Ropes & Gray LLP, Boston, MA; Edward R. McNicholas, Ropes & Gray LLP, Washington, DC; John L. Reed, Ronald N. Brown, Peter H. Kyle, Kelly L. Freund, Dla Piper LLP, Wilmington, DE; Paul R. Bessette, Michael J. Biles, Daniel M. Wodnicki, King & Spalding LLP, Austin, TX; Benjamin Lee, Benjamin B. Watson, King & Spalding LLP, Atlanta, GA, for defendants.
Case Number: 2021-0940-SG
Court granted board of directors' motion to dismiss a claim for breach of loyalty after plaintiff shareholders sued following a cybersecurity attack that led to a substantial drop in the company's stock value.