Law360, “Derivative Claim Miss Dooms Chancery Squeeze-Out Suit,” features Patrick M. Kennell, Esq. and Matthew H. Lee, Esq., 9-3-2025

Kaufman Dolowich Partner Patrick M. Kennell and Of Counsel Matthew H. Lee were mentioned in a Law360 article for their representation in a case involving derivative claims. 

Delaware’s Court of Chancery found that the claims lodged in a minority stockholder suit were unsupportable or derivative and ineligible for direct investor recoveries. The court also “found that, in addition to the investors’ failure to make a pre-suit demand supporting calls for board action on derivative claims, the complaint failed to support a direct, statutory claim challenging the board’s authority to approve a sale, lease or exchange of assets.”

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