IN RE GENERAL MOTORS COMPANY DERIVATIVE LITIGATION

Consolidated C.A. No. 9627-VCG.

IN RE GENERAL MOTORS COMPANY DERIVATIVE LITIGATION.

Court of Chancery of Delaware.

Decided: June 26, 2015.


Attorney(s) appearing for the Case

Robert J. Katzenstein and David A. Jenkins , of SMITH KATZENSTEIN & JENKINS LLP, Wilmington, Delaware; Robert D. Goldberg , of BIGGS AND BATTAGLIA, Wilmington, Delaware; OF COUNSEL: Nancy Kaboolian , of ABBEY SPANIER, LLP, New York, New York; Robert I. Harwood , Daniella Quitt , and Samuel K. Rosen , of HARWOOD FEFFER LLP, New York, New York; Gary S. Graifman and Reginald H. Rutishauser , of KANTROWITZ, GOLDHAMER & GRAIFMAN, P.C., Chestnut Ridge, New York; Peter Safirstein , Domenico Minerva , and Elizabeth Metcalf , of MORGAN & MORGAN, P.C., New York, New York, Attorneys for Plaintiffs.

William M. Lafferty , Susan W. Waesco , and Lauren K. Neal , of MORRIS NICHOLS ARSHT & TUNNELL LLP, Wilmington, Delaware, Attorneys for Individual Defendants.

Lisa A. Schmidt and Robert L. Burns , of RICHARDS, LAYTON & FINGER, P.A., Wilmington, Delaware; OF COUNSEL: Robert J. Kopecky and Joshua Z. Rabinovitz , of KIRKLAND & ELLIS LLP, Chicago, Illinois, Attorneys for General Motors Company.


MEMORANDUM OPINION

The factual scenario underlying this matter is sadly familiar. An iconic American company produces a product or service that goes terribly awry, causing the company financial and reputational damage, and perhaps doing damage to society at large as well. A stockholder...

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