1. Home
  2. Browse Decisions
  3. A.2d
  4. 964 A.2d
  5. 964 A.2d 1262 (2008)
 

McPADDEN v. SIDHU

Civil Action No. 3310-CC.

964 A.2d 1262 (2008)

John P. McPADDEN, Sr., Plaintiff, v. Sanjiv S. SIDHU, Stephen Bradley, Harvey B. Cash, Richard L. Clemmer, Michael E. McGrath, Lloyd G. Waterhouse, Jackson L. Wilson, Jr., Robert L. Crandall and Anthony Dubreville, Defendants, and i2 Technologies, Inc., Nominal Defendant.

Court of Chancery of Delaware.

Decided: August 29, 2008.

Attorney(s) appearing for the Case

Norman M. Monhait, of Rosenthal Monhait & Goddess, P.A., Wilmington, Delaware; of Counsel: Robert C. Schubert, Juden Justice Reed, and Aaron H. Darsky, of Schubert & Reed L.L.P., San Francisco, California, Attorneys for Plaintiff.

Kenneth J. Nachbar and Leslie A. Polizoti, of Morris, Nichols, Arsht & Tunnell L.L.P., Wilmington, Delaware; of Counsel: Jordan D. Hershman, Michael D. Blanchard, and Matthew C. Applebaum, of Bingham McCutchen L.L.P., Boston, Massachusetts, Attorneys for Defendants.

OPINION

CHANDLER, Chancellor.

Though what must be shown for bad faith conduct has not yet been completely defined,1 it is quite clearly established that gross negligence, alone, cannot constitute bad faith.2 Thus, a board of directors may act "badly" without acting in bad faith. This sometimes fine distinction between a breach of care (through gross negligence) and a breach of loyalty (through...

Let's get started

Leagle.com

Welcome to the leading source of independent legal reporting
Sign on now to see your case.
Or view more than 10 million decisions and orders.

  • Updated daily.
  • Uncompromising quality.
  • Complete, Accurate, Current.

Listed below are the cases that are cited in this Featured Case. Click the citation to see the full text of the cited case. Citations are also linked in the body of the Featured Case.

Cited Cases

  • No Cases Found

Listed below are those cases in which this Featured Case is cited. Click on the case name to see the full text of the citing case.

Citing Cases