iac/interactivecorp v. O'Brien

BERGER, Justice:

In this appeal we consider, among other matters, whether the Court of Chancery correctly applied the doctrine of laches in finding that a corporate indemnification claim was timely filed. Before filing this action, appellee, a corporate officer, had successfully litigated an indemnification claim against his former employer in Florida. But the former employer went bankrupt before the litigation concluded. Ap-pellee then filed this action, seeking the same indemnification, against the former employer’s parent company. The Court of Chancery acknowledged that the claim likely…