Supreme Court of Delaware

ResetAA Font size: Print

Lambrecht v. O'Neal, 135, 2010

In a proceeding under Article IV, Section 11(8) of the Delaware Constitution and Supreme Court Rule 41 on a question of law certified to the Delaware Supreme Court from the United States District Court for the Southern District of New York, the court answers the certified question as follows: plaintiffs in a double derivative action under Delaware law who were pre-merger shareholders in the acquired company and who were current shareholders, by virtue of a stock-for-stock merger in the post-merger parent company, need not also demonstrate that at the time of the alleged wrongdoing at the acquired company: (a) they owned stock in the acquiring company, and (b) the acquiring company owned stock in the acquired company.

Appellate Information

  • Decided 09/15/2010
  • Published 09/15/2010

Judges

  • Jack B. Jacobs

Court

  • Supreme Court of Delaware

Counsel

  • For Appellant:
  • Adam L. Balick, Paul J. Lockwood


FindLaw Career Center

    Select a Job Title


      Post a Job  |  Careers Home

    View More