Court of Chancery of Delaware

A motion to dismiss an action alleging breaches of fiduciary duties by a financial services company's directors in failing to detect and stop certain improper transactions is granted where the complaint alleged nothing to suggest that defendants willfully or recklessly ignored information that would have led to discovery of the misconduct at issue.

Appellate Information

• Decided 02/13/2006
• Published 02/27/2006

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Court

• Court of Chancery of Delaware

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