Opinion ID: 2163898
Heading Depth: 1
Heading Rank: 3

Heading: Decision at Issue

Text: The Court of Chancery held that the claims against PwC were governed by New York law, and that based on the allegations of the Complaint, AIG's senior officers did not totally abandon[ ] AIG's interestsas would be required under New York law to establish the adverse interest exception to imputation. Accordingly, the Court of Chancery held that the wrongdoing of AIG's senior officers is imputed to AIG. [3] The Court of Chancery concluded that, once the wrongdoing was imputed to AIG, AIG's claims against PwC were barred by New York's in pari delicto doctrine and by the related Wagoner line of standing cases in the United States Court of Appeals for the Second Circuit. [4]