Publication Date: 2022-12-13
Practice Area: Mergers and Acquisitions
Industry: Energy
Court: Court of Chancery
Judge: Vice Chancellor Glasscock
Attorneys: For plaintiff: Corinne Elise Amato, Kevin H. Davenport, Samuel L. Closic, Jason W. Rigby, Prickett, Jones & Elliott, P.A., Wilmington, DE; Eric L. Zagar, J. Daniel Albert, Kessler Topaz Meltzer & Check, LLP, Radnor, PA for plaintiff.
for defendant: William B. Chandler III, Brad D. Sorrels, Daniyal M. Iqbal, Nora M. Crawford, Wilson Sonsini Goodrich & Rosati, P.C., Wilmington, DE; Steven Guggenheim, Wilson Sonsini Goodrich & Rosati, P.C., Palo Alto, CA; S. Mark Hurd, Miranda Gilbert, Morris Nichols Arsht & Tunnel, LLP, Wilmington, DE; Danny David, Amy Pharr Hefley, Baker Botts L.L.P., Houston, TX for defendants.
Case Number: 2020-0435-SG
Special committee directors were dismissed from case challenging merger transaction, where plaintiff could not show that directors lacked independence from corporate controller or had engaged in willful dereliction of duty to the level of bad faith.