The Delaware Chancery Court has dismissed a shareholder class action, claiming that the outgoing CEO of an information-technology company pursued a $283 million buyout in order to pay for his retirement.

Chancellor Andre G. Bouchard said Wednesday that there were “no concrete facts” to support claims that Charles K. Narang, the former CEO of Virginia-based NCI Inc., had orchestrated the 2017 sale to a private equity fund as a way to liquidate his holdings in the firm, which provides software and data analytics services to intelligence, health care and civilian government agencies.