Doran MALONE, Joseph P. Danielle and Adrienne M. Danielle, Plaintiffs below, Appellants,
v.
John. N. BRINCAT, Dennis H. Chookaszian, William C. Croft, Clifford R. Johnson, Andrew McNally, IV, Bruce I. McPhee, Fred G. Steingraber, Phillip J. Wicklander and KPMG Peat Marwick, LLP, Defendants below, Appellees.
Supreme Court of Delaware.https://leagle.com/images/logo.png
Submitted: September 3, 1998.
Decided: December 18, 1998.
Attorney(s) appearing for the Case
William Prickett (argued), Ronald A. Brown, Jr., and Thomas A. Mullen, of Prickett, Jones, Elliott, Kristol & Schnee, Wilmington, Delaware; Arthur T. Susman, and Terrence Buehler, of Susman, Buehler & Watkins, Chicago, Illinois; and Clinton A. Krislov, of Krislov & Associates, Ltd., Chicago, Illinois, for appellants.
R. Judson Scaggs, Jr. (argued), Thomas R. Hunt, Jr. and Christopher F. Carlton, of Morris, Nichols, Arsht & Tunnell, Wilmington, Delaware; Garrett Johnson, and Dani R. James, of Kirkland & Ellis, Chicago, Illinois, for appellees, Dennis H. Chookaszian, William C. Croft, Clifford R. Jonson, Andrew McNally, IV, Bruce I. McPhee, Fred G. Steingraber and Phillip J. Wicklander.
Robert K. Payson, of Potter, Anderson & Corroon, Wilmington, Delaware; Steven F. Molo, Todd J. Ehlman, and P. Lee Berger, of Winston & Strawn, Chicago, Illinois, for appellee, John N. Brincat.
Allen M. Terrell, Jr. (argued) and Catherine G. Dearlove, of Richards, Layton & Finger, P.A., Wilmington, Delaware; Williams F. Lloyd, Linton J. Childs, of Sidley & Austin, Chicago, Illinois; Thomas C. Green, of Sidley & Austin, Washington, DC; and, Edwin D. Scott, of KPMG Peat Marwick LLP of New York City, for appellee, KPMG Peat Marwick LLP.
Before VEASEY, Chief Justice, WALSH, HOLLAND, HARTNETT and BERGER, Justices (constituting the Court en Banc).
Supreme Court of Delaware.
HOLLAND, Justice:
Doran Malone, Joseph P. Danielle, and Adrienne M. Danielle, the plaintiffs-appellants, filed this individual and class action in the Court of Chancery. The complaint alleged that the directors of Mercury Finance Company ("Mercury"), a Delaware corporation, breached their fiduciary duty of disclosure. The individual defendant-appellee directors are John N. Brincat, Dennis H. Chookaszian, William C. Croft, Clifford...
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