Document: In re infoUSA, Inc., C.A. No. 1956-CC, Chandler, C. (Del. Ch. March 17, 2008)
The court granted the Special Litigation Committee (“SLC”) of the Board of Directors of defendant infoUSA’s motion to stay. The defendant formed the SLC in response to derivative litigation and an informal investigation by the Securities and Exchange Commission. After finding that the SLC had the authority it needed to conduct the investigation and consequently was properly formed, the court granted the motion to stay until June 30, 2008.