Court of Chancery of Delaware

In a suit brought by a shareholder alleging that defendant board members breached their fiduciary duties to a corporation in approving a particular agreement, defendants' motion to dismiss is denied where there was a reasonable possibility that plaintiff can demonstrate that the board's ratification of the agreement was not consistent with its fiduciary duties.

Appellate Information

• Decided 08/03/2006
• Published 08/21/2006

Judges

Court

• Court of Chancery of Delaware

Counsel