Shareholders can proceed with their claims that AmerisourceBergen Corp.’s directors knew of and failed to stop a subsidiary’s illegal distribution of oncology drugs, the Delaware Court of Chancery ruled.
In a 75-page memorandum opinion, Vice Chancellor Sam Glasscock III determined that plaintiff investors—five pension and retirement plans—adequately met the high threshold set under the Caremark standard for derivative litigation and denied AmerisourceBergen’s motion to dismiss the case in its entirety.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]