LEVY v. STERLING HOLDING CO., LLC

No. 00-994.

475 F.Supp.2d 463 (2007)

Mark LEVY, Plaintiff, v. STERLING HOLDING COMPANY, LLC, National Semiconductor Corporation and Fairchild Semiconductor International, Inc, Defendants.

United States District Court, D. Delaware.

February 13, 2007.


Attorney(s) appearing for the Case

Jeffrey S. Goddess, Esquire, of Rosenthal, Monhait, Gross & Goddess, P.A., Wilmington, DE, Jeffrey S. Abraham, Esquire, Mitchell M.Z. Twersky, Esquire, and David Weinberger, Esquire, of Abraham, Fruchter & Twersky, LLP, New York City, for Plaintiff.

P. Clarkson Collins, Jr., Esquire, of Morris, James, Hitchens & Williams, LLP, Jeffrey L. Moyer, Esquire, of Richards, Layton & Finger, P.A., Wilmington, DE, Steven B. Feirson, Esquire, and Carolyn H. Feeney, Esquire, of Dechert LLP, Philadelphia, PA, and Paul Vizcarrondo, Jr., Esquire, Michael A. Charish, Esquire, Michael S. Winograd, Esquire, of Wachtell, Lipton, Rosen & Katz, New York City, for Defendants.


OPINION

SLEET, District Judge.

I. INTRODUCTION

On November 28, 2000, the plaintiff Mark Levy ("Levy") filed this shareholder's derivative suit on behalf of the defendant Fairchild Semiconductor ("Fairchild") after making an appropriate demand to the board. The complaint alleges that defendants National Semiconductor ("National") and Sterling Holding Company ("Sterling") (collectively, the "defendants"), who sit on the Fairchild...

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