CITY OF HIALEAH EMPLOYEES’ RETIREMENT SYSTEM, Derivatively on Behalf of Nominal Defendants nCINO, INC. (f/k/a Penny HoldCo, Inc.) and nCINO OpCo, Inc. (f/k/a nCino, Inc.) v. INSIGHT VENTURE PARTNERS, LLC, INSIGHT HOLDINGS GROUP, LLC, JEFFREY L. HORING, PIERRE NAUDÉ, SPENCER G. LAKE, STEVEN A. COLLINS, JON DOYLE, PAM KILDAY, WILLIAM RUH, and GREG ORENSTEIN, and nCINO, INC. (f/k/a Penny HoldCo, Inc.) and nCINO OpCo, Inc. (f/k/a nCino, Inc.)
No. 30, 2024
IN THE SUPREME COURT OF THE STATE OF DELAWARE
September 12, 2024
Submitted: September 4, 2024; Court Below: Court of Chancery of the State of Delaware, C.A. No. 2022-0846
Decided: September 12, 2024
Before SEITZ, Chief Justice; VALIHURA, TRAYNOR, LEGROW, and GRIFFITHS, Justices, constituting the Court en Banc.
ORDER
After consideration of the parties’ briefs and the record on appeal, and following oral argument, we find it evident that the judgment of the Court of
NOW, THEREFORE, IT IS ORDERED that the judgment of the Court of Chancery is AFFIRMED.
BY THE COURT:
/s/ N. Christopher Griffiths
Justice