Marshal T. Simpson Trust v. Invicta Networks, Inc.
District Court, D. Delaware
1Opinion of the Court
MEMORANDUM OPINION
ROBINSON, Senior Disrict Judge
I. INTRODUCTION
Plaintiffs Marshal T. Simpson Trust, Donald S. Simpson Trust, and Christopher Boyd (collectively, “plaintiffs”) are shareholders of Invicta Networks, Inc. (“Invic-ta”), a company in the field of cyber-secu-rity technology no longer operating as a going concern. (D.I. 1 ¶ 66; DI. 61 at 1) During some or all of the relevant time period, Invicta’s board of directors was comprised of defendants Victor Sheymov (“Sheymov”), William Esrey (“Esrey”), Robert J. Hallman (“Hallman”), and R. James Woolsey (“Woolsey”).1 (D.I. 51 at 1) Sheymov…
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