Legal Opinion
Weiss v. Swanson
Court of Chancery of Delaware
Decided March 7, 2008No. C.A. 2828-VCLPublishedCited by 73 opinions
1Opinion of the Court
OPINION
LAMB, Vice Chancellor.
In this derivative action, the plaintiff challenges option grants made by directors pursuant to stockholder-approved option plans. According to the plaintiff, the board of directors adopted a policy of using material, inside information to time option grants, but never disclosed the practice. Specifically, the plaintiff alleges that the board of directors routinely granted options prior to quarterly earnings releases containing positive information, and after releases containing negative information. On this motion to dismiss for failure to adequately plead demand…
2Cases cited21 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
- In Re General Motors (Hughes) Shareholder LitigationSupreme Court of Delaware · 2006
- Grobow v. PerotSupreme Court of Delaware · 1988
16 more not listed; retrieve them via the Exa API.
3Cited by73 opinions
- American International Group, Inc. v. GreenbergCourt of Chancery of Delaware · 2009
- Harold Kraft v. Wisdomtree Investments, Inc.Court of Chancery of Delaware · 2016
- South ex rel. Hecla Mining Co. v. BakerCourt of Chancery of Delaware · 2012
- Carsanaro v. Bloodhound Technologies, Inc.Court of Chancery of Delaware · 2013
- Whittington v. Dragon Group, L.L.C.Supreme Court of Delaware · 2009
68 more not listed; retrieve them via the Exa API.