Grogan v. O'NEIL

MEMORANDUM AND ORDER

VRATIL, District Judge.

For himself and on behalf of similarly situated class members, David Grogan brings suit against Timothy P. O’Neil, Roy R. Laborde, William D. Cox, Harold C. Hill, Jr., Clark D. Stewart, and David D. Taggart for breach of corporate fiduciary duty (Count I). Plaintiff also brings derivative claims on behalf of TransFinancial Holdings, Inc. (“TransFinancial”) for corporate waste (Count II) and violation of Delaware statutory law, Del.Code Ann., tit. 8, § 271 (Count III). 1 This matter is before the Court on the Individual Defendants’ Motion To Dismiss…