Court of Chancery of Delaware

Defendants' motion to dismiss a derivative action brought by a stockholder alleging that directors committed corporate waste by paying exorbitant fees and warrants over a period of years to two financial advisory firms for their services is granted where the complaint failed to allege with particularity facts establishing demand futility.

Appellate Information

• Decided 03/17/2006
• Published 03/29/2006

Judges

Court

• Court of Chancery of Delaware

Counsel