Court of Chancery of Delaware

Defendants' motion to dismiss in a dispute between institutional shareholder plaintiffs and a company whose shares they owned involving the extension of a certain poison pill provision is granted as to claims of fraud, equitable fraud and negligent misrepresentation, and breach of fiduciary duty, but denied as to breach of contract and promissory estoppel claims.

Appellate Information

• Decided 12/20/2005
• Published 01/03/2006

Judges

Court

• Court of Chancery of Delaware

Counsel

• For Appellant:
  
• Stuart M. Grant, Megan D. McIntyre and Cynthia A. Calder, of Grant & Eisenhofer P.A., Wilmington, DE, for Plaintiffs., J. Travis Laster, of Abrams & Laster, L.L.P., Wilmington, DE, for Objector Liberty Media Corporation.


• For Appellees:
  
• Edward P. Welch, Robert S. Saunders, Edward B. Micheletti and T. Victor Clark, of Skadden, Arps, Slate, Meagher & Flom, L.L.P., Wilmington, DE, for Defendants.