Legal Opinion
King v. VeriFone Holdings, Inc.
Court of Chancery of Delaware
Decided May 12, 2010No. C.A. 5047-VCSPublishedCited by 12 opinions
1Opinion of the Court
OPINION
STRINE, Vice Chancellor.
I. Introduction
A plaintiff owning a small number of shares in a corporation rushed off to a federal court to file a derivative suit shortly after the corporation announced that it had to restate its financial statements. The complaint was for money damages, most principally those damages the corporation might suffer if it faced liability in securities suits. There was no basis for exigency and no expedited treatment was sought.
But haste was the order of the day because the plaintiffs lawyers wanted to win the filing Olympics. And they did. The court handling the…
2Cases cited27 opinions
- Aronson v. LewisSupreme Court of Delaware · 1984
- Brehm v. EisnerSupreme Court of Delaware · 2000
- Rales v. Blasband Ex Rel. Easco Hand Tools, Inc.Supreme Court of Delaware · 1993
- Malpiede v. TownsonSupreme Court of Delaware · 2001
- In Re Caremark International Inc. Derivative LitigationCourt of Chancery of Delaware · 1996
22 more not listed; retrieve them via the Exa API.
3Cited by12 opinions
- South ex rel. Hecla Mining Co. v. BakerCourt of Chancery of Delaware · 2012
- Louisiana Municipal Police Employees' Retirement System v. PyottCourt of Chancery of Delaware · 2012
- King v. VeriFone Holdings, Inc.Supreme Court of Delaware · 2011
- In re Activision Blizzard, Inc.Court of Chancery of Delaware · 2014
- Cain v. Merck & Co., Inc.New Jersey Superior Court Appellate Division · 2010
7 more not listed; retrieve them via the Exa API.