Document: Conrad v. Blank, C.A. No. 2611-VCL, Lamb, V.C. (Del. Ch. Sept. 7, 2007)
The Court, on a motion to dismiss derivative claims based on stock option backdating, held that the plaintiffs had adequately alleged demand futility where there was a potential for liability on the part of directors who received options and on the part of directors who were on the compensation committee, but dismissed claims regarding wrongs alleged to have occurred before the plaintiff stockholder purchased her stock in the corporation.