Monica A. BEAM, derivatively on behalf of MARTHA STEWART LIVING OMNIMEDIA, INC., Plaintiff,
v.
Martha STEWART; Sharon L. Patrick; Arthur C. Martinez; Naomi O. Seligman; Darla D. Moore; Jeffrey W. Ubben; and L. John Doerr, Defendants, and
Martha Stewart Living Omnimedia, Inc., Nominal Defendants.
Court of Chancery of Delaware, New Castle County.https://leagle.com/images/logo.png
Submitted July 17, 2003.
Decided September 30, 2003.
Attorney(s) appearing for the Case
Pamela S. Tikellis, Robert J. Kriner and Brian D. Long, of Chimicles & Tikellis LLP, Wilmington, Delaware; Nicholas E. Chimicles and James R. Malone, Jr., of Chimicles & Tikellis LLP, Haverford, Pennsylvania; Lawrence A. Sucharow and Joel Bernstein, of Goodkind, Labaton, Rudoff & Sucharow LLP, New York, New York; and Reginald A. Krasney, Wayne, Pennsylvania, for Plaintiff, of counsel.
Andre G. Bouchard, of Bouchard Margules & Friedlander, Wilmington, Delaware; Barbara Moses, Tracey Kitzman and Alicia D'Angelo, of Morvillo, Abramowitz, Grand, Iason & Silberberg, P.C., New York, New York, for Defendant Martha Stewart, of counsel.
A. Gilchrist Sparks, III and S. Mark Hurd, of Morris, Nichols, Arsht & Tunnell, Wilmington, Delaware; Barry G. Sher and Brett D. Jaffe, of Fried, Frank, Harris, Shriver & Jacobson, New York, New York, for Defendants Sharon L. Patrick, Arthur C. Martinez, Naomi O. Seligman, Darla D. Moore, Jeffrey W. Ubben and Nominal Defendant Martha Stewart Living Omnimedia, Inc., of counsel.
Gregory V. Varallo, Lisa A. Schmidt, Kelly A. Green and Richard P. Rollo, of Richards, Layton & Finger, Wilmington, Delaware; David M. Furbush and Braden O. Wilhelm, of O'Melveny & Myers LLP, Menlo Park, California, for L. John Doerr, of counsel.
Court of Chancery of Delaware, New Castle County.
OPINION
CHANDLER, Chancellor.
Monica A. Beam, a shareholder of Martha Stewart Living Omnimedia, Inc. ("MSO"), brings this derivative action against the defendants, all current directors and a former director of MSO, and against MSO as a nominal defendant. The defendants have filed three separate motions seeking (1) to dismiss Counts II, III, and IV under Court of Chancery Rule 12(b)(6) for failure to state...
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