Ironworkers Dist. Council of Phila. & Vicinity Ret. & Pension Plan v. Andreotti

Decision Date28 January 2016
Docket NumberNo. 286, 2015,286, 2015
Citation132 A.3d 748 (Table)
Parties Ironworkers District Council of Philadelphia & Vicinity Retirement & Pension Plan, Plaintiff Below–Appellant, v. Lamberto Andreotti, Bart Baudler, John Bedbrook, Samuel W. Bodman, James Borel, Richard H. Brown, Robert A. Brown, Dennis Byron, Bertrand P. Collomb, Thomas M. Connelly, Daniel J. Cosgrove, Curtis J. Crawford, Alexander M. Cutler, John T. Dillon, Eleuthere I. Du Pont, Erik Fyrwald, Marillyn A. Hewson, Charles O. Olliday, Robert C. Iwig, Daniel E. Jacobih, William K. Reilly, T, Lois D. Juliber, Jeffrey L. Keefer, Ellen Kullman, Michael Lassner, Tracy Linbo, Carl J. Lukach, Judith McKay, William Niebur, Dean Oestreichomas L. Sager, Paul Schickler, John Soper, Lee M. Thomas, Patrick J. Ward, Defendants Below–Appellees, and E.I. Du Pont De Nemours and Company, Nominal Defendant Below–Appellee.
CourtSupreme Court of Delaware

AFFIRMED.

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20 cases
  • Carro v. Barra
    • United States
    • U.S. District Court — Eastern District of Michigan
    • March 28, 2018
    ...of loyalty." Ironworkers Dist. Council of Philadelphia v. Andreotti, No. 9714, 2015 WL 2270673, at *24 (Del. Ch. May 8, 2015), aff'd 132 A.3d 748 (Del. 2016); see also Levine v. Liveris, 216 F. Supp. 3d 794, 808 (E.D. Mich. 2016) (Ludington, J.). "The pleading burden imposed by this standar......
  • Schmitt v. Rausch
    • United States
    • U.S. District Court — District of Nebraska
    • October 15, 2021
    ... ... Neb. Inv. Council, 272 Neb. 669, 692, 724 N.W.2d 776, ... ...
  • JER Hudson GP XXI LLC v. DLE Investors, LP
    • United States
    • Court of Chancery of Delaware
    • May 2, 2022
    ...has failed is not the same as demonstrating an actionable breach of fiduciary duty"), aff'd sub nom. Ironworkers Dist. Council of Phila. v. Andreotti , 132 A.3d 748 (Del. 2016). While a federal court applying California law recently held that a fund general partner breached its fiduciary du......
  • Moody v. Nat'l W. Life Ins. Co.
    • United States
    • Texas Court of Appeals
    • July 27, 2021
    ...Council of Phila. & Vicinity Ret. & Pension Plan v. Andreotti , CV 9714-VCG, 2015 WL 2270673, at *2 (Del. Ch. May 8, 2015), aff'd , 132 A.3d 748 (Del. 2016). Because the derivative plaintiff who has made a demand has tacitly conceded the independence of the board, the only issues to be cons......
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