Cases & Deals

KeyBanc Capital Markets defeats shareholder claims of aiding and abetting

Clients KeyCorp

Jones Day defended KeyBanc Capital Markets against claims by a shareholder/director of a company that KBCM advised in a merger transaction. The shareholder/director claimed that KBCM aided and abetted breaches of fiduciary duties by the rest of the board of directors, in connection with the board's approval of a private sale of the company. The Delaware Court of Chancery granted our motion to dismiss the claims against KBCM.

Houseman v. Sagerman, et al., No. 8897-VCG (Del. Ch., Apr. 16, 2014)