WAYNE COUNTY EMPLOYEES' RETIREMENT SYSTEM v. CORTI

Civil Action No. 3534-CC.

954 A.2d 319 (2008)

WAYNE COUNTY EMPLOYEES' RETIREMENT SYSTEM, individually, and on behalf of all those similarly situated, Plaintiff, v. Robert J. CORTI, Ronald Doornink, Barbara S. Isgur, Robert A. Kotick, Brian G. Kelly, Robert J. Morgado, Peter J. Nolan, Richard Sarnoff, Activision, Inc., Vivendi S.A., VGAC LLC, Vivendi Games, Inc., and Sego Merger Corporation, Defendants.

Court of Chancery of Delaware.

Decided: July 1, 2008.


Attorney(s) appearing for the Case

Pamela S. Tikellis, Robert J. Kriner, Jr., A. Zachary Naylor, and Meghan A. Adams, of Chimicles & Tikellis LLP, Wilmington, Delaware; Of Counsel: E. Powell Miller, David H. Fink, Brian E. Etzel, and Darryl G. Bressack, of The Miller Law Firm, P.C., Rochester, Michigan, Attorneys for Plaintiff.

Edward P. Welch and Edward B. Micheletti, of Skadden, Arps, Slate, Meagher & Flom LLP, Wilmington, Delaware; Of Counsel: Harriet S. Posner, of Skadden, Arps, Slate, Meagher & Flom LLP, Los Angeles, California, Attorneys for Defendants Robert J. Corti, Ronald Doornink, Barbara S. Isgur, Robert A. Kotick, Brian G. Kelly, Robert J. Morgado, Peter J. Nolan, Richard Sarnoff, Activision, Inc., and Sego Merger Corporation.

Raymond J. DiCamillo, Elizabeth T. Sudderth, and Scott W. Perkins, of Richards, Layton & Finger, P.A., Wilmington, Delaware; Of Counsel: Joel A. Feuer, of Gibson, Dunn & Crutcher LLP, Los Angeles, California, Attorneys for Defendants Vivendi S.A., VGAC LLC, and Vivendi Games, Inc.


OPINION

CHANDLER, Chancellor.

World of Warcraft, the market-leading massively multiplayer online role playing game, entices millions of paying subscribers to immerse themselves in a virtual online world. These subscribers create their own characters, and through these avatars they interact with other players, develop skills, create a unique jargon,1 join guilds and alliances...

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