Delaware Court Of Chancery Declines To Dismiss Breach Of Fiduciary Duty Claims Against Nondirector Officer, Holding That Officers Owe A Caremark Duty Of Oversight
Shearman & Sterling
FEBRUARY 3, 2023
On January 25, 2023, Vice Chancellor J. Travis Laster of the Delaware Court of Chancery denied a motion to dismiss a derivative suit brought by stockholders asserting breach of fiduciary duty claims against a former officer of McDonald's Corporation (the "Company"). In Re McDonald's Corp. Stockholder Derivative Litig., Case No. 2021-0324-JTL (Del.
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