Legal Opinion
In re Massey Energy Co. Derivative and Class Action Litigation
Court of Chancery of Delaware
Decided May 4, 2017No. CA 5430-CBPublishedCited by 15 opinions
1Opinion of the Court
OPINION
BOUCHARD, C.
In April 2010, an explosion occurred at Massey Energy Company’s Upper Big Branch coal mine in West Virginia, killing 29 miners. It was the worst mining disaster in the United States in 40 years, but it was not the first serious accident at a Massey mine. Within weeks of the explosion, stockholders of Massey filed numerous derivative lawsuits, seeking to recover damages on behalf of the company for fines, judgments and other harm it would suffer because of the alleged failure of Massey directors and officers to make a good faith effort to ensure that Massey complied with…
2Cases cited23 opinions
- Savor, Inc. v. FMR Corp.Supreme Court of Delaware · 2002
- 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
- In Re Caremark International Inc. Derivative LitigationCourt of Chancery of Delaware · 1996
18 more not listed; retrieve them via the Exa API.
3Cited by15 opinions
- Roberts v. Fed. Hous. Fin. AgencyCourt of Appeals for the Seventh Circuit · 2018
- California State Teachers' Retirement v. Don L. BlankenshipWest Virginia Supreme Court · 2018
- Brokerage Jamie Goldenberg Komen v. James W. BreyerCourt of Chancery of Delaware · 2020
- California State Teachers' Retirement v. Don L. BlankenshipWest Virginia Supreme Court · 2018
- Christopher Roberts v. FHFACourt of Appeals for the Seventh Circuit · 2018
10 more not listed; retrieve them via the Exa API.