Court of Chancery of Delaware

In a case brought by a company's shareholders asserting they had a direct claim in connection with a certain "sham" transaction alleged to have taken place between two of the company's subsidiaries, defendants' motion to dismiss is granted since plaintiffs' claim was clearly derivative under Tooley.

Appellate Information

• Decided 05/26/2006
• Published 06/12/2006

Judges

Court

• Court of Chancery of Delaware

Counsel