Recent Posts

Chancery Court: When Stockholder Of Delaware Corporation Files Suit As Lead Plaintiff, Plaintiff Assumes Role Of A Fiduciary For The Class
Posted on 18 Jan 2012 by Francis G.X. Pileggi

Steinhardt v. Howard-Anderson , C.A. No. 5878-VCL (Del. Ch. Jan. 6, 2012), read opinion here . Issue Addressed This opinion addressed the issue of whether representative plaintiffs in a putative class action should be in sanctioned for trading on... Read More

Delaware Vice Chancellor Dismisses Derivative Action Against Goldman Sachs Directors
Posted on 18 Oct 2011 by Francis G.X. Pileggi

In the case of In Re The Goldman Sachs Group, Inc. Shareholder Litigation , C.A. No. 5215-VCG (Oct. 12, 2011), read opinion here , Vice Chancellor Glasscock, in his first major corporate law decision, granted defendants' motion to dismiss a derivative... Read More

Williams Mullen: 4th Circuit Adopts More Demanding Test For Exercise Of Objective Prudence By Retirement Plan Fiduciaries
Posted on 7 Aug 2014 by Williams Mullen

By Mark S. Thomas and Robert W. Shaw In the latest ruling in a long-running battle arising from company stock fund divestments, the U. S. Court of Appeals for the Fourth Circuit has underscored the importance of procedural prudence in the management... Read More