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ADVERTISEMENT El Pollo Loco Insider Trading Suit Tossed Out Of Del. Court Law360 (July 30, 2021, 8:18 PM EDT) The Delaware chancellor has tossed an investor lawsuit seeking derivative damages on behalf of restaurant chain El Pollo Loco over approximately $118 million in alleged insider trades, heeding a call to dismiss the suit by a special litigation committee set up by the company s board. Chancellor Kathaleen St. J. McCormick of the Court of Chancery on Friday cited a 1981 Delaware Supreme Court ruling in Zapata Corp. v. Maldonado in finding that the special litigation committee members were independent and conducted a reasonable investigation of the investors claims, despite the investors argument that the committee failed to adequately consider two related.

United statesZapata corpEl pollo locoDelaware supreme courtSupreme courtஒன்றுபட்டது மாநிலங்களில்ஸாபாட கார்ப்எல் பொல்லோ லோகோடெலாவேர் உச்ச நீதிமன்றம்உச்ச நீதிமன்றம்