• Delaware Court Dismisses Subprime Claims Against Citigroup, but Allows Executive Pay Waste Claim
  • April 22, 2009
  • Law Firm: Shearman & Sterling LLP - New York Office
  • In its recent opinion in In Re Citigroup Shareholder Derivative Litigation, the Delaware Court of Chancery dismissed several Caremark claims against the defendant directors and officers of Citigroup and allowed only one claim - a waste claim related to the compensation package granted departing CEO, Charles Prince - to survive.