Delaware Chancellor Stays Shareholder Derivative Suit In Favor Of Class Action

WILMINGTON, Del. - Holding that the litigation of a shareholder derivative lawsuit at the same time as a separate securities class action would prejudice a company, a Delaware chancellor stayed the derivative suit on Jan. 27 (Melvin J. Brenner v. W. Steve Albrecht, et al., No. 6514-VCP, Del. Chanc.). Full story on lexis.com