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Int’l Brotherhood of Electrical Workers Local No. 129 Benefit Fund v. Tucci
Citation:
70 N.E.3d 918 (2017)Facts
Plaintiffs’ complaint alleged that they brought the actions on behalf of a class consisting of all other shareholders of EMC who are deprived of the opportunity to maximize the value of their shares of EMC as a result of the directors’ breach of fiduciary duty and other misconduct. The plaintiffs asserted that the members of EMC’s board violated their fiduciary duties, allegedly owed to EMC and the shareholders by failing to take steps to maximize the value of EMC stock and agreeing to unreasonably preclusive deal protection provisions, thereby hindering any potential bid that may have been superior to the sale of EMC to Dell.
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Topic:
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What are the factual circumstances that gave rise to the civil or criminal case? What is the relationship of the Parties that are involved in the case.Issue(s):
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