Legal Opinion

Sandys Ex Rel. Zynga Inc. v. Pincus

Supreme Court of Delaware

Decided December 5, 2016No. 157, 2016PublishedCited by 66 opinions

1Opinion of the Court

*126STRINE, Chief Justice,

for the Majority:

I

This appeal in a derivative suit brought by a stockholder of Zynga, Inc. turns on whether the Court of Chancery correctly found that a majority of the Zynga board could impartially consider a demand and thus corr.ectly dismissed the complaint for failure, to plead demand excusal under Court of Chancery Rule 23.1. This case again highlights the wisdom of the representative plaintiff bar heeding the repeated admonitions of this Court and the Court of Chancery to make a diligent pre-suit investigation into the board’s independence so that a complaint can…

2Cases cited9 opinions

  1. Aronson v. LewisSupreme Court of Delaware · 1984
  2. Brehm v. EisnerSupreme Court of Delaware · 2000
  3. Rales v. Blasband Ex Rel. Easco Hand Tools, Inc.Supreme Court of Delaware · 1993
  4. Beam Ex Rel. M. Stewart Living v. StewartSupreme Court of Delaware · 2004
  5. Guttman v. HuangCourt of Chancery of Delaware · 2003

4 more not listed; retrieve them via the Exa API.

3Cited by66 opinions

  1. F5 Capital v. PappasCourt of Appeals for the Second Circuit · 2017
  2. Marchand II v. BarnhillSupreme Court of Delaware · 2019
  3. Apple Inc. v. Superior Court of Santa Clara Cnty., California Court of Appeal, 5th District2017
  4. Gordon v. SznewajsDistrict Court, C.D. California · 2018
  5. Marshal T. Simpson Trust v. Invicta Networks, Inc.District Court, D. Delaware · 2017

61 more not listed; retrieve them via the Exa API.

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