Examples of Special Litigation Committee in a sentence
At all times since that date, the members of the Special Litigation Committee have been Messrs.
As recently as the filing of the Complaint in April 2008, the SLC stated “AIG, by and through its designated Special Litigation Committee, takes no position as to the remainder of the [the Complaint].” Compl.
Defendants moved to dismiss and on September 25, 2006, the Court of Chancery denied the motion.2 Primedia formed a Special Litigation Committee, which comprised Primedia Directors Daniel Ciporin and Kevin Smith, each of whom joined the board of directors after commencement of the action.
The Special Committee was not an independent Special Litigation Committee under Zapata Corp.
The Special Litigation Committee, on behalf of the E-board and SCC, shall be empowered to instruct NSDP counsel, without prior review or interference by the remaining E-board members or the SCC.
In an e-mail sent to the board of directors, Ms. Meadows explained that the creation of the Special Litigation Committee was done on the advice of counsel to avoid the appearance of any conflict because Mr. LaPierre and Mr. Frazer were named as individual defendants in the NYAG Enforcement Action.22 The Special Litigation Committee’s members were Ms. Meadows, Charles Cotton (the NRA’s First Vice President), and Colonel Willes Lee (the NRA’s Second Vice President).
In the event of litigation where the NSDP is named in any capacity (plaintiff, defendant, or other role) the E-Board shall appoint a three-person Special Litigation Committee (which includes the NSDP Chair) to manage said litigation, including advising the Chair on the selection of counsel and approving that selection.
In December 2009, the Special Litigation Committee filed a motion to dismiss the claims against the director defendants and to realign us as a plaintiff for purposes of pursuing claims against former officers Messrs.
Kern, Victor Kaufman, Dara Khosrowshahi, and Mark Okerstrom (collectively, the “Defendants”); and (4) the Special Litigation Committee of the Board of Directors of Expedia, which, as discussed below, was initially comprised of Julie Whalen and Jon Gieselman, until, as discussed below, Mr. Gieselman resigned (the “Special Litigation Committee” or “SLC,” and together with Plaintiff, Defendants, and Expedia, the “Parties”).
In April 2009, upon the recommendation of the Nominating and Corporate Governance Committee of the Board, the Board formed a Special Litigation Committee, comprised of a newly-appointed independent director, to investigate the facts and circumstances underlying the claims asserted in the derivative cases and to take such action with respect to these claims as the Special Litigation Committee determines to be in our best interests.