Summary
rejecting Page and noting that the board's decision not to sue following a sanctions order and a $1.2 billion jury verdict against the company was "not so clearly erroneous as to raise a reasonable doubt" about the board's refusal
Summary of this case from Carro v. BarraOpinion
No. 286, 2015
01-28-2016
Ironworkers District Council of Philadelphia & Vicinity Retirement & Pension Plan, Plaintiff Below–Appellant, v. Lamberto Andreotti, Bart Baudler, John Bedbrook, Samuel W. Bodman, James Borel, Richard H. Brown, Robert A. Brown, Dennis Byron, Bertrand P. Collomb, Thomas M. Connelly, Daniel J. Cosgrove, Curtis J. Crawford, Alexander M. Cutler, John T. Dillon, Eleuthere I. Du Pont, Erik Fyrwald, Marillyn A. Hewson, Charles O. Olliday, Robert C. Iwig, Daniel E. Jacobih, William K. Reilly, T, Lois D. Juliber, Jeffrey L. Keefer, Ellen Kullman, Michael Lassner, Tracy Linbo, Carl J. Lukach, Judith McKay, William Niebur, Dean Oestreichomas L. Sager, Paul Schickler, John Soper, Lee M. Thomas, Patrick J. Ward, Defendants Below–Appellees, E.I. Du Pont De Nemours and Company, Nominal Defendant Below–Appellee.
ORDER
Leo E. Strine, Jr., Chief Justice
This 28th day of January 2016, having considered this matter on the briefs filed by the parties and after oral argument, we find it evident that the judgment of the Court of Chancery should be affirmed on the basis of and for the reasons assigned in its May 8, 2015 decision.
NOW, THEREFORE, IT IS ORDERED that the judgment of the Court of Chancery is AFFIRMED.
Ironworkers Dist. Council of Phila. & Vicinity Ret. & Pension Plan v. Andreotti, 2015 WL 2270673 (Del. Ch. May 8, 2015).