IN RE CORNERSTONE THERAPUTICS INC, STOCKHOLDER LITIGATION

Nos. 564, 2014, 706, 2014

IN RE CORNERSTONE THERAPUTICS INC, STOCKHOLDER LITIGATION. RAYMOND LEAL, YAOGUO PAN, and XIAOSONG HU, Defendants Below-Appellants, v. PHILLIP MEEKS, ERNESTO RODRIGUEZ, and ALAN HALL, Plaintiffs Below-Appellees.

Supreme Court of Delaware.

Decided: May 14, 2015.


Attorney(s) appearing for the Case

Donald J. Wolfe, Jr., Esquire , Kevin R. Shannon, Esquire , Christopher N. Kelly, Esquire , Potter Anderson & Corroon LLP, Wilmington, Delaware, for Defendants Below-Appellants Michael Enright, Christopher Codeanne, James A. Harper, Michael Heffernan and Laura Shawver; Kurt Heyman, Esquire , Dawn Kurtz Crompton, Esquire , Proctor Heyman LLP, Wilmington, Delaware, for Defendants Below-Appellants Craig A. Collard and Robert M. Stephan; Anthony M. Candido, Esquire (Argued), Robert C. Myers, Esquire , John P. Alexander, Esquire , Clifford Chance US LLP, New York, New York, for Defendants Below-Appellants in In re Cornerstone Therapeutics Inc. Stockholder Litigation.

Seth D. Rigrodsky, Esquire , Brian D. Long, Esquire , Gina M. Serra, Esquire , Jeremy J. Riley, Esquire , Rigrodsky & Long, P.A., Wilmington, Delaware; J. Brandon Walker, Esquire , Melissa A. Fortunato, Esquire , Kirby McInerney LLP, New York, New York; Shane Rowley, Esquire , Levi & Korsinsky LLP, New York, New York; Chet B. Waldmann, Esquire (Argued), Joshua H. Saltzman, Esquire , Wolf Popper LLP, New York, New York, for Plaintiffs Below-Appellants Edwin Myruski, James Parker, Daniel Blaschak, and David Julier, in In re Cornerstone Therapeutics Inc. Stockholder Litigation.

S. Mark Hurd, Esquire (Argued), Matthew R. Clark, Esquire , Thomas P. Will, Esquire , Morris, Nichols, Arsht & Tunnell LLP, Wilmington, Delaware; Robert H. Pees, Esquire , Akin Gump Strauss Hauer & Field LLP, New York, New York, for Defendants Below-Appellants Raymond Leal, Yaoguo Pan, and Xiaosong Hu.

Seth D. Rigrodsky, Esquire (Argued), Brian D. Long, Esquire , Gina M. Serra, Esquire , Jeremy J. Riley, Esquire , Rigrodsky & Long, P.A., Wilmington, Delaware; Donald J. Enright, Esquire , Levi & Korinsky LLP, Washington, DC; Gustavo F. Bruckner, Esquire , Ofer Ganot, Esquire , Pomerantz LLP, New York, New York, for Plaintiffs Below-Appellees Phillip Meeks, Ernesto Rodriguez, and Alan Hall.

Before Chief Justice; and Justices; and and Judges.


I. INTRODUCTION

These appeals were scheduled for argument on the same day because they turn on a single legal question: in an action for damages against corporate fiduciaries, where the plaintiff challenges an interested transaction that is presumptively subject to entire fairness review, must the plaintiff plead...

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