Court Of Chancery Grants Stay Of Derivative Case

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In Re Duke Energy Corporation Coal Ash Derivative Litigation,  C.A. 9682- VCN (August 31, 2015)

A stay of derivative litigation is hard to get even when there is another case pending elsewhere. But when, as here, the other litigation may expose the company to significant liability, a stay of the derivative action against the directors is easier to win in order to avoid the problems of simultaneously litigating both proceedings.

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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