Feldman v. Cutaia
Court of Chancery of Delaware
1Opinion of the Court
OPINION
LAMB, Vice Chancellor.
A co-founder and now former stockholder of a Delaware corporation sues members of the company’s management and its directors for alleged breaches of fiduciary duty arising out of a number of transactions, including a recapitalization scheme, a stock repurchase, an issuance of stock options, and ultimately a cash-out merger. The various defendants move to dismiss the complaint, arguing that the merger extinguished the plaintiffs standing to bring derivative causes of action in the right of the corporation. Because the complaint does not adequately allege the…
2Cases cited22 opinions
- Malpiede v. TownsonSupreme Court of Delaware · 2001
- Tooley v. Donaldson, Lufkin, & Jenrette, Inc.Supreme Court of Delaware · 2004
- In Re General Motors (Hughes) Shareholder LitigationSupreme Court of Delaware · 2006
- Stone v. RitterSupreme Court of Delaware · 2006
- In Re Santa Fe Pacific Corp. Shareholder LitigationSupreme Court of Delaware · 1995
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3Cited by43 opinions
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- Transeo S.A.R.L. v. Bessemer Venture Partners VI L.P.District Court, S.D. New York · 2013
- Starr International Company v. United StatesCourt of Appeals for the Federal Circuit · 2017
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