BEAM EX REL. M. STEWART LIVING v. STEWART

C.A. No. 19844-NC.

833 A.2d 961 (2003)

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.

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.


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...

Let's get started

Leagle.com

Welcome to the leading source of independent legal reporting
Sign on now to see your case.
Or view more than 10 million decisions and orders.

  • Updated daily.
  • Uncompromising quality.
  • Complete, Accurate, Current.

Listed below are the cases that are cited in this Featured Case. Click the citation to see the full text of the cited case. Citations are also linked in the body of the Featured Case.

Cited Cases

  • No Cases Found

Listed below are those cases in which this Featured Case is cited. Click on the case name to see the full text of the citing case.

Citing Cases