Camping World Tells Del. Court New Test Dooms Breach Suit
By Jeff Montgomery (October 5, 2021, 7:37 PM EDT) -- An attorney for Camping World Holdings Inc. directors told a Delaware vice chancellor Tuesday that stockholder claims for derivative damages tied to $530 million in alleged insider trading can't pass newly clarified court requirements to show the futility of demands for company-led litigation.
Eric R. Swibel of Latham & Watkins LLP, attorney for Camping World's directors and officers, told Vice Chancellor Lori W. Will the suit falls flat under the Delaware Supreme Court's recent decision upholding dismissal of United Food And Commercial Workers Union and Participating Employers Tri-State Pension Fund v. Mark Zuckerberg et al.
The Zuckerberg decision in September set...
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