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LEBANON COUNTY EMPLOYEES' RET. v. COLLIS

C.A. No. 2021-1118-JTL.

287 A.3d 1160 (2022)

LEBANON COUNTY EMPLOYEES' RETIREMENT FUND and Teamsters Local 443 Health Services & Insurance Plan, Plaintiffs, v. Steven H. COLLIS, Richard W. Gochnauer, Lon R. Greenberg, Jane E. Henney, Kathleen W. Hyle, Michael J. Long, Henry W. McGee, Ornella Barra, D. Mark Durcan, and Chris Zimmerman, Defendants, and AmerisourceBergen Corporation, Nominal Defendant.

Court of Chancery of Delaware.

Date Decided: December 15, 2022.

Attorney(s) appearing for the Case

Samuel L. Closic , Eric J. Juray , Robert B. Lackey , PRICKETT, JONES & ELLIOTT, P.A., Wilmington, Delaware; Gregory V. Varallo , BERNSTEIN LITOWITZ BERGER & GROSSMANN LLP, Wilmington, Delaware; Lee D. Rudy , Eric L. Zagar , KESSLER TOPAZ MELTZER & CHECK, LLP, Radnor, Pennsylvania; Jeroen van Kwawegen , Eric J. Riedel , BERNSTEIN LITOWITZ BERGER & GROSSMANN LLP, New York, New York; Frank R. Schirripa , Daniel B. Rehns , Kurt Hunciker , Hillary Nappi , HACH ROSE SCHIRRIPA & CHEVERIE LLP, New York, New York; Gregory Mark Nespole , Daniel Tepper , LEVI & KORSINSKY, LLP, New York, New York; Brian J. Robbins , Craig W. Smith , ROBBINS LLP, San Diego, California; Counsel for Plaintiffs.

Stephen C. Norman , Jennifer C. Wasson , Tyler J. Leavengood , POTTER ANDERSON & CORROON LLP, Wilmington, Delaware; Michael S. Doluisio , Carla Graff , DECHERT LLP, Philadelphia, Pennsylvania; Matthew L. Larrabee , Hayoung Park , DECHERT LLP, New York, New York; Michael D. Blanchard , Amelia Pennington , MORGAN, LEWIS & BOCKIUS LLP, Boston, Massachusetts; Counsel for Defendants.

OPINION

Nominal defendant AmerisourceBergen Corporation ("AmerisourceBergen" or the "Company") is one of three major wholesale distributors of opioid pain medication in the United States. Over the past two decades, AmerisourceBergen has found itself at the center of America's tragic opioid epidemic. In 2021, AmerisourceBergen...

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