Case Title: Shaev v. Armstrong, et al.

Citation: 

Docket Number: 110, 2006

State: delaware

Court: Delaware Supreme Court

Date: 2006-11-06T00:00:00Z

Document:
IN THE SUPREME COURT OF THE STATE OF DELAWARE 
 
DAVID B. SHAEV PROFIT SHARING 
ACCOUNT, 
 
 
Plaintiff Below- 
Appellant, 
 
v. 
 
C. MICHAEL ARMSTRONG, ALAIN 
J.P. BELDA, KENNETH J. BAILKIN, 
GEORGE DAVID, KENNETH T. 
DERR, JOHN M. DEUTCH, ANN 
DIBBLE JORDAN, ROBERT I. LIPP, 
REUBEN MARK, MICHAEL T. 
MASIN, DUDLEY C. MECUM, 
RICHARD D. PARSONS, ANDRALL 
E. PEARSON, JOHN S. REED, 
ROBERT E. RUBIN, ROBERT B. 
SHAPIRO, FRANKLIN A. THOMAS, 
SANFORD I. WEILL, and  ARTHUR 
ZANKEL, 
 
Defendants Below- 
Appellees, 
 
and 
 
CITIGROUP, INC., 
 
Nominal Defendant Below- 
Appellee. 
§ 
§ 
§  No. 110, 2006 
§ 
§ 
§ 
§ 
§ 
§ 
§  Court Below—Court of Chancery 
§  of the State of Delaware, 
§  in and for New Castle County 
§  C.A. No. 1449-N 
§ 
§ 
§ 
§ 
§ 
§ 
§ 
§ 
§ 
§   
§ 
§ 
§ 
§ 
§ 
§ 
§ 
§ 
 
 
 
 
 
 
Submitted: July 19, 2006* 
Decided: 
November 6, 2006 
                                                 
* After hearing this matter at oral argument on July 19, 2006, the Court stayed further 
consideration of the appeal pending the issuance of the Court’s decision in Stone v. Ritter, No. 
93, 2006. 
 
2
 
Before HOLLAND, BERGER, and RIDGELY, Justices. 
 
O R D E R 
 
This 6th day of November 2006, after careful consideration of the parties’ 
briefs and oral argument on appeal, we find it manifest that the judgment below 
should be affirmed on the basis of both the Court of Chancery’s well-reasoned 
opinion dated February 13, 2006 and this Court’s recent opinion in Stone v. Ritter, 
Del. Supr., No. 93, 2006, Holland, J. (Nov. 6, 2006).   
 
NOW, THEREFORE, IT IS ORDERED that the judgment of the Court of 
Chancery is AFFIRMED. 
 
 
 
 
 
 
BY THE COURT: 
 
 
 
 
 
 
/s/ Randy J. Holland 
 
 
 
 
 
 
 
 
 
 
Justice