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In the Matter of Petition of Woods.

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Opinion
2010 Del. LEXIS 246 · Supreme Court of Delaware · May 28, 2010
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In the Matter of Petition of Woods.
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Parentheticals
granting defendants‘ motion to dismiss when plaintiffs failed to state a non-exculpated claim against the director defendants for breach of fiduciary duty
denying petition for writ of certiorari based on this Court’s affirmance of the denial of Woods’ first motion for postconviction relief
“The appropriate starting place in evaluating plaintiff’s fiduciary duty claims, however, is with the well-established presumption of the business judgment rule . . . .”
Macrophage Therapeutics, Inc. v. Michael M. Goldberg, M.D. and M1M2 Therapeutics, Inc.
“Again, there is no ‘blueprint’ that directors must follow to satisfy their fiduciary obligations in a change of control transaction. Rather, what a director must do to discharge her fiduciary obligations depends on the circumstances in which the director is acting.”
dismissing petition for writ of certiorari