WILMINGTON, Del. - Dismissal of breach of fiduciary duty claims filed by investors in a lawsuit against current and former officers and directors of a snack food manufacturer is proper because the claims are preempted by the McWane Cast Iron Pipe Corp. v. McDowell-Wellman Engineering Co. doctrine, a Delaware Chancery Court chancellor ruled Feb. 28 (In re Diamond Foods Inc. Derivative Litigation, No. 7657-CS, Del. Chanc.; 2013 Dec. Ch. LEXIS 55)....(read more)![]()
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