The Delaware Court of Chancery recently weighed key issues under state law involving claims of breach of fiduciary duty in several challenged corporate transactions. .
/PRNewswire/ IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE IN RE AVX CORPORATION STOCKHOLDERS LITIGATION Consolidated C.A. No. 2020-1046-SG SUMMARY.
On June 30, 2022, Chancellor Kathaleen St. J. McCormick of the Delaware Court of Chancery denied a motion to dismiss stockholder derivative claims for alleged breaches of fiduciary duty.
As discussed in prior issues, Delaware courts have recently refined and limited defenses to Section 220 books and records actions. No longer does a stockholder need to specify the ends.