ASBESTOS WORKERS LOCAL 42 PENSION FUND, derivatively on behalf of Nominal Defendant JPMORGAN CHASE & CO., a Delaware corporation, Plaintiff,
v.
LINDA B. BAMMANN, JAMES A. BELL, CRANDALL C. BOWLES, STEPHEN B. BURKE, DAVID M. COTE, JAMES S. CROWN, JAMIE DIMON, TIMOTHY P. FLYNN, ELLEN V. FUTTER, LABAN P. JACKSON, MICHAEL A. NEAL, DAVID C. NOVAK, LEE R. RAYMOND, WILLIAM WELDON, DOUGLAS L. BRAUNSTEIN, MICHAEL CAVANAGH, INA DREW, IRVIN GOLDMAN, JOHN HOGAN, PETER WEILAND, JOHN WILMOT, and BARRY ZUBROW, Defendants, and
JPMORGAN CHASE & CO., Nominal Defendant.
Court of Chancery of Delaware.https://leagle.com/images/logo.png
David C. McBride , William D. Johnston , and Kathaleen S. McCormick , of YOUNG CONAWAY STARGATT & TAYLOR LLP, Wilmington, Delaware; OF COUNSEL: Jonathan C. Dickey and Brian M. Lutz , of GIBSON DUNN & CRUTCHER LLP, New York, New York, Attorneys for Defendants Linda B. Bammann, James A. Bell, Crandall C. Bowles, Stephen B. Burke, David M. Cote, James S. Crown, Ellen V. Futter, Timothy P. Flynn, Laban P. Jackson, Jr., Michael A. Neal, David C. Novak, Lee R. Raymond, and William C. Weldon.
MEMORANDUM OPINION
GLASSCOCK, Vice Chancellor.
The C.W. Morgan is the last surviving ship of the American whaling fleet.1 In 1820, another ship of that fleet, the Essex, was attacked by a sperm whale, which rammed the ship repeatedly until the planking was sprung and timbers broken. The...
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