In a recent Law.com article, authors Michael Bongiorno, Timothy Perla, Erika Schutzman and Jessica Lewis discuss the Delaware Court of Chancery's decision in Central Laborers’ Pension Fund v. Karp. They offer timely insights into the nuances of the decision, including the application of the Brophy standard. Additionally, the authors share guidance and best practices for corporate legal teams that are navigating post-listing litigation risk.
Excerpt: "In a decision that reinforces Delaware’s high threshold for insider trading claims, the Delaware Court of Chancery in Central Laborers’ Pension Fund v. Karp, 2025 WL 1213104 (Del. Ch. Apr. 25, 2025), recently dismissed a derivative suit against Palantir’s directors, offering timely guidance for public companies navigating post-listing litigation risk."
