Chancery Court Dismisses Direct and Derivative Claims Against Company in Bankruptcy
Thornton, et al. v. Bernard Technologies, Inc., (Del. Ch., C.A. No. 962-VCN, February 20, 2009), read opinion here. Kevin Brady, a highly respected Delaware litigator, prepared the following review of this case. In this Chancery Court decision, Vice Chancellor Noble granted defendants’ motion to dismiss a direct and derivative action...
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