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: Delaware Business Litigation ReportChancellor Warns of the Perils of Inaction
By Morris James LLP
Tooley v. AKA Financial Inc., C.A. 18414-CC (April 29, 2009)
While it is well know that the failure to prosecute a class action may lead to the case being dismissed, many practitioners just do not believe in the need to move a case along or risk losing it. Here, the Chancellor of the Delaware Court of Chancery sends a clear message that delay in litigating a case will lead to the dismissal of the claims in the future.
Full post as published by Delaware Business Litigation Report on April 29, 2009 (boomark / email).
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