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PFEFFER v. REDSTONE

No. 115, 2008.

965 A.2d 676 (2009)

Beverly PFEFFER, individually and on behalf of all other similarly situated, Plaintiff Below Appellant, v. Sumner M. REDSTONE, George S. Abrams, David R. Andleman, Joseph A. Califano, Jr., William S. Cohen, Philippe P. Dauman, Alan C. Greenberg, Jan Leschly, Shari Redstone, Frederic V. Salerno, William Schwartz, Patty Stonesifer, Robert D. Walter, National Amusement, Inc., John F. Antioco, Richard J. Bressler, Jackie M. Clegg, Michael D. Fricklas, Linda Griego, John L. Muething, and CBS Corp. (f.k.a. Viacom, Inc.), Defendants Below Appellees.

Supreme Court of Delaware.

Decided: January 23, 2009.

Attorney(s) appearing for the Case

Jay W. Eisenhofer (argued), Michael J. Barry, and Cynthia A. Calder, Grant & Eisenhofer, P.A., Wilmington, Delaware for appellant.

Jon E. Abramczyk and John P. DiTomo, Morris, Nichols, Arsht & Tunnell LLP., Wilmington, Delaware; Stuart J. Baskin, pro hac vice (argued) for appellees.

Anthony G. Flynn and Mary F. Dugan, Young Conaway Stargatt & Taylor LLP., Wilmington, Delaware for amicus curiae.

Before STEELE, Chief Justice, HOLLAND, BERGER, JACOBS, and RIDGELY, Justices constituting the Court en banc.

STEELE, Chief Justice.

Appellant, Beverly Pfeffer, appeals the Court of Chancery's dismissal of her claims with prejudice under Rule 12(b)(6) for failure to state a claim. Pfeffer brought a class action against the directors of Viacom and Blockbuster and against two corporations, National Amusements, Inc. (NAI) and CBS Corporation.1 Pfeffer asserts that the Vice Chancellor erred because she sufficiently pleaded, in connection with two...

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