Legal Opinion

Seminaris v. Landa

Court of Chancery of Delaware

Decided May 2, 1995No. Civ. A. 12579PublishedCited by 58 opinions

1Opinion of the Court

OPINION

CHANDLER, Vice Chancellor.

Fidelity Medical, Inc. (“Fidelity Medical”) moves to dismiss this derivative lawsuit for failure to make demand on the board of directors of Fidelity Medical, or plead with particularity the futility of that demand. Fidelity Medical has also appointed a special committee of outside directors to review the merits of plaintiffs claim. The special committee recently issued a report recommending dismissal of plaintiffs lawsuit. Fidelity Medical offers the report of the special committee as an alternative reason to dismiss this lawsuit should the Court determine…

2Cases cited6 opinions

  1. Aronson v. LewisSupreme Court of Delaware · 1984
  2. Rales v. Blasband Ex Rel. Easco Hand Tools, Inc.Supreme Court of Delaware · 1993
  3. Zapata Corp. v. MaldonadoSupreme Court of Delaware · 1981
  4. Levine v. SmithSupreme Court of Delaware · 1991
  5. Spiegel v. BuntrockSupreme Court of Delaware · 1990

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3Cited by58 opinions

  1. In Re Silicon Graphics Inc. Securities Litigation. Edmund J. Janas v. Edward R. McCracken Michael Ramsay Robert K. Burgess Thomas J. Oswald Teruyasu Sekimoto Forest Baskett Stephen Goggiano William M. Kelly Lucille Shapiro Silicon Graphics, Inc., Deanna Brody Andrea S. Donald Israel Buck Ruth Buck Denise Struthers Thomas G. Di Cicco Ira Steven B. Ewall Rosalyn Golaine Jerry Krim Mary Anne Beke Herman Grossman Samuel J. Reiner Dennis Lucas v. Edward R. McCracken Michael Ramsay Robert K. Burgess Thomas J. Oswald Teruyasu Sekimoto Forest Baskett Stephen Goggiano William M. Kelly Lucille Shapiro Silicon Graphics, Inc.Court of Appeals for the Ninth Circuit · 1999
  2. In Re Bank of America Corp. Securities, Derivative, & Employee Retirement Income Security Act (ERISA) LitigationDistrict Court, S.D. New York · 2010
  3. In Re Walt Disney Co. Derivative LitigationCourt of Chancery of Delaware · 2005
  4. In Re infoUSA, Inc. Shareholders LitigationCourt of Chancery of Delaware · 2007
  5. In Re Bear Stearns Companies, Inc. Securities, Derivative, & Erisa LitigationDistrict Court, S.D. New York · 2011

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