Legal Opinion
In Re infoUSA, Inc. Shareholders Litigation
Court of Chancery of Delaware
Decided August 20, 2007No. Consol. Civil Action 1956-CCPublishedCited by 109 opinions
1Opinion of the Court
MEMORANDUM OPINION
CHANDLER, Chancellor.
Before me is a complaint that tests the boundaries of the business judgment rule, the protection offered to defendant directors by Court of Chancery Rule 23.1, and the procedural rules by which a plaintiff brings a derivative complaint. After an activist shareholder petitioned this Court for access to books and records under 8 Del C. § 220, two plaintiffs brought separate lawsuits on behalf of in-foUSA against its directors. Both complaints alleged that the board either collaborated in or stood by idly in the face of a garish collection of…
2Cases cited24 opinions
- Aronson v. LewisSupreme Court of Delaware · 1984
- Brehm v. EisnerSupreme Court of Delaware · 2000
- Savor, Inc. v. FMR Corp.Supreme Court of Delaware · 2002
- Rales v. Blasband Ex Rel. Easco Hand Tools, Inc.Supreme Court of Delaware · 1993
- In Re General Motors (Hughes) Shareholder LitigationSupreme Court of Delaware · 2006
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3Cited by109 opinions
- In Re Citigroup Inc. Shareholder Derivative LitigationCourt of Chancery of Delaware · 2009
- F5 Capital v. PappasCourt of Appeals for the Second Circuit · 2017
- In Re Bear Stearns Companies, Inc. Securities, Derivative, & Erisa LitigationDistrict Court, S.D. New York · 2011
- Noelle Lee v. Robert FisherCourt of Appeals for the Ninth Circuit · 2023
- In Re Intel Corp. Derivative LitigationDistrict Court, D. Delaware · 2009
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