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Delaware Chancery Court Dismisses Claims Challenging $82.4 Million in Equity Awards to Fox Executives
Thomson Reuters Practical Law 
July 1, 2020 "The Delaware Court of Chancery has dismissed breach of fiduciary duty and unjust enrichment claims brought by a stockholder of Twenty-First Century Fox, Inc. who argued that the equity awards granted to several Fox executives in anticipation of a corporate transaction were unnecessary and wasteful. The court held that the plaintiff's claims were derivative and the plaintiff lacked standing to bring them." [Brokerage Jamie Goldenberg Komen Rev Tru U/A 06/10/08 Jamie L Komen Trustee for the Benefit of Jamie Goldenberg Komen v. Breyer, No. 2018-0773-AGB (Del. Chanc. Jun. 26, 2020)] |
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