Chancery Nixes Claims Against GM Directors In Ignition Suit

Law360, Wilmington (June 29, 2015, 9:20 PM EDT) -- A Delaware Chancery judge tossed derivative claims against General Motors Co. directors stemming from the high-profile ignition switch defect on certain cars said to have caused dozens of deaths, saying in an opinion made public Monday that suing shareholders did not adequately show the directors acted in bad faith while overseeing the iconic automaker's operations.

In a 46-page opinion, Vice Chancellor Sam Glasscock III stressed that his findings relate to GM leadership's liability to the corporation itself, not the automaker's liability to customers, for which he...
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