Publication Date: 2025-02-11
Practice Area: Mergers and Acquisitions
Industry: Distribution and Wholesale | Health Care | Investments and Investment Advisory
Court: Court of Chancery
Judge: Vice Chancellor Laster
Attorneys: For plaintiff: Raymond J. DiCamillo, Robert L. Burns, Matthew W. Murphy, Kyle H. Lachmund, Sandy Xu, Alfred P. Dillione, Richards, Layton & Finger, P.A., Wilmington, DE; David L. Barrack, Winslett Studnicky Mccormick & Bomser LLP, New York, NY for plaintiffs.
for defendant: David S. Eagle, Klehr Harrison Harvey Branzburg LLP, Wilmington, DE; Stuart Singer, Carl Goldfarb, Boies Schiller Flexner LLP, Fort Lauderdale, FL; Steven L. Caponi, Megan E. Hunt, K&L Gates LLP, Wilmington, DE for defendants.
Case Number: 2019-0474-JTL
Defendants' operational decisions of failed business were reviewed under business judgment rule where plaintiff failed to identify a conflict of interest, such that defendants' decisions did not rise to the level of a breach of fiduciary duty under the favorable business judgment rule standard.