Delaware Court Of Chancery Holds That Corwin Cleansing Does Not Apply To Claims For Injunctive Relief Related To Alleged Defensive Measures
Shearman & Sterling
MAY 9, 2023
Zurn of the Delaware Court of Chancery denied a motion to dismiss a putative stockholder class action asserting a breach of fiduciary duty claim against the directors of a telecommunications company (the "Corporation") and seeking to enjoin alleged defensive measures. In re Edgio, Inc. Stockholders Litigation, C.A.
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