In re: Primedia, Inc., Shareholders Litigation, Cons., C.A. No. 6511-VCL (Del. Ch. May 10, 2013).

Issue Addressed:  Whether insider trading claim based on state law should be allowed to proceed despite motion to dismiss by special litigation committee.
Short Answer:  Motion to dismiss denied.

Brief Background

Details of this case were previously

Professor Stephen Bainbridge, the prolific and nationally recognized corporate law scholar, has returned after a hiatus to his widely-read blog, and has a post today here with a link to a brief that he collaborated on regarding the insider trading case against Mark Cuban. 

Welcome back, Professor!

American International Group, Inc., Consolidated Derivative Litigation; AIG, Inc. v. Greenberg, et al., 2009 Del. Ch. LEXIS 15 (Feb. 10, 2009)("AIG I") 965 A.2d 763 (Del. Ch. 2009), read opinion here.

This Chancery Court decision denied a Motion to Dismiss breach of fiduciary duty claims against former AIG Chairman Maurice "Hank" Greenberg and other AIG directors in connection