General Motors Co. is banking that a recent ruling in Delaware could wipe out shareholder lawsuits filed over last year’s ignition-switch recalls.
Vice Chancellor Sam Glasscock of Delaware Court of Chancery on June 26 dismissed a shareholder derivative action against GM after concluding the plaintiffs had “failed to raise a reasonable doubt that GM’s directors acted in good faith or otherwise face a substantial likelihood of personal liability in connection with the faulty ignition switches.”
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