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DEANE v. MAGINN

C.A. No. 2017-0346-LWW.

EDWARD DEANE, GEORGE WIHBEY, and JASON CUNNINGHAM IN HIS CAPACITY AS ATTORNEY-IN-FACT FOR WILLIAM CUNNINGHAM, for themselves and in the right and for the benefit of New Media Investors II-B, LLC and New Media II-B, LLC, Plaintiffs, v. ROBERT A. MAGINN, JUNIOR, Defendant, and NEW MEDIA INVESTORS II-C, LLC Nominal Defendant.

Court of Chancery of Delaware.

Date Decided: November 1, 2022.

Attorney(s) appearing for the Case

David H. Holloway, SHLANSKY LAW GROUP, LLP, Wilmington, Delaware; David J. Shlansky & Colin R. Hagan, SHLANSKY LAW GROUP, LLP, Chelsea, Massachusetts; Counsel for Plaintiffs Edward Deane, George Wihbey, & Jason Cunningham.

Jody C. Barillare, Amy M. Dudash, & Kelsey A. Bomar, MORGAN LEWIS & BOCKIUS LLP, Wilmington, Delaware; Jane M. Manchisi, Karen Pieslak Pohlmann, & Laura Hughes McNally, MORGAN LEWIS & BOCKIUS LLP, Philadelphia, Pennsylvania; Michael D. Blanchard of MORGAN LEWIS & BOCKIUS LLP, Boston, Massachusetts; Counsel for Defendant Robert A. Maginn, Jr.

MEMORANDUM OPINION

This is the post-trial decision in a long-running dispute that seeks to hold defendant Robert A. Maginn, Jr. liable for breaches of fiduciary duty. Although the plaintiffs' legal theories have shifted during the five years that this case has been pending, their beliefs that Maginn acted to advantage...

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