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FRIEDMAN v. MAFFEI

C.A. No. 11105-VCMR.

JULIE FRIEDMAN, derivatively on behalf of TRIPADVISOR, INC., Plaintiff, v. GREGORY B. MAFFEI, STEPHEN KAUFER, SUKHINDER SINGH CASSIDY, JONATHAN F. MILLER, DIPCHAND V. NISHAR, JEREMY PHILIPS, SPENCER M. RASCOFF, CHRISTOPHER W. SHEAN, ROBERT S. WISENTHAL, SETH KALVERT and DARA KHOSROWSHAHI, Defendants, and TRIPADVISOR, INC., a Delaware Corporation, Nominal Defendant.

Court of Chancery of Delaware.

Decided April 13, 2016.

Attorney(s) appearing for the Case

David A. Jenkins and Neal C. Belgam of SMITH, KATZENSTEIN & JENKINS LLP, Wilmington, Delaware; Steven J. Purcell of LEVI & KORSINSKY LLP, New York, New York; Attorneys for Plaintiff.

Kenneth J. Nachbar , Susan W. Waesco , and Thomas P. Will of MORRIS, NICHOLS, ARSHT & TUNNELL LLP, Wilmington, Delaware; Attorneys for Defendants and Nominal Defendant.

MEMORANDUM OPINION

The plaintiff's Verified Stockholder Derivative Complaint, brought on behalf of TripAdvisor, Inc., alleges that certain current and former TripAdvisor directors and executives improperly allowed another former TripAdvisor director to retain, and receive immediate vesting of, restricted...

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