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WEI v. ZOOX, INC.

C.A. No. 2020-1036-KSJM.

268 A.3d 1207 (2022)

James WEI and Yanxin Zhang, Petitioners, v. ZOOX, INC., Respondent.

Court of Chancery of Delaware.

Date Decided: January 31, 2022.

Attorney(s) appearing for the Case

Joel Friedlander , Jeffrey M. Gorris , David Hahn , FRIEDLANDER & GORRIS, P.A., Wilmington, Delaware; Randall J. Baron , David A. Knotts , ROBBINS GELLER RUDMAN & DOWD LLP, San Diego, California; Christopher H. Lyons , ROBBINS GELLER RUDMAN & DOWD LLP, Nashville, Tennessee; Counsel for Petitioners.

David J. Teklits , Thomas P. Will , MORRIS, NICHOLS, ARSHT & TUNNELL LLP, Wilmington, Delaware; William D. Savitt , Anitha Reddy , WACHTELL, LIPTON, ROSEN & KATZ, New York, New York; Counsel for Respondent.

OPINION

The petitioners filed this appraisal proceeding to solve what their attorneys view as a problem—the lack of access to evidence necessary to ferret out actionable fiduciary duty claims challenging M&A transactions. Due to circumstances somewhat unique to...

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