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TOLA v. BRYANT

No. A161150.

76 Cal.App.5th 746 (2022)

JOSEPH TOLA, Plaintiff and Appellant, v. ANDY D. BRYANT et al., Defendants and Respondents.

Court of Appeals of California, First District, Division Five.

March 24, 2022.

Attorney(s) appearing for the Case

Cotchett, Pitre & McCarthy, Mark C. Molumphy , Tyson C. Redenbarger and Julia Q. Peng for Plaintiff and Appellant.

Gibson Dunn & Crutcher and Paul J. Collins for Defendant and Respondent Intel Corporation.

Munger, Tolles & Olson, Fred A. Rowley, Jr. , Robert L. DellAngelo and John M. Gildersleeve for Defendants and Respondents Andy D. Bryant, Brian M. Krzanich, Robert H. Swan, Charlene Barshefsky, Aneel Bhusri, Reed E. Hundt, Omar Ishrak, Tsu-Jae King Liu, David S. Pottruck, Gregory D. Smith, Andrew Wilson, Frank D. Yeary, and David B. Yoffie.

OPINION

In this shareholder derivative action, plaintiff Joseph Tola alleges that officers and directors of Intel Corporation breached their fiduciary duties, engaged in insider trading, and were unjustly enriched. Applying Delaware law, the trial court dismissed Tola's third amended complaint

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