Earlier this week, the Delaware Supreme Court issued its opinion in In re Oracle Corp. Derivative Litig. (Del. Sup.; 1/25) affirming the Delaware Chancery Court’s decision to apply the business judgment rule in the derivative matter by Oracle’s stockholders arguing that it overpaid for NetSuite because Larry Ellison, founder, director and officer of Oracle and significant stockholder […]

Conflicted Controllers: Del. Supreme Affirms Plaintiff Must Show Actual Control