THE SEAFARERS PENSION PLAN, derivatively on behalf of BANK OF AMERICA CORPORATION and BANK OF AMERICA, N.A. v. BRIAN T. MOYNIHAN, LIONEL L. NOWELL III, SHARON L. ALLEN, JOSE E. ALMEIDA, FRANK P. BRAMBLE, SR., PIERRE J. P. DE WECK, ARNOLD W. DONALD, LINDA P. HUDSON, MONICA C. LOZANO, DENISE L. RAMOS, CLAYTON S. ROSE, MICHAEL D. WHITE, THOMAS D. WOODS, MARIA T. ZUBER, JACK O. BOVENDER, JR., SUSAN S. BIES, THOMAS J. MAY, R. DAVID YOST, ALASTAIR BORTHWICK, GEOFFREY S. GREENER, LAUREN MOGENSEN, DEAN C. ATHANASIA, PAUL M. DONOFRIO, and THOMAS K. MONTAG
No. 468, 2024
Supreme Court of the State of Delaware
July 14, 2025
Court Below-Court of Chancery of the State of Delaware C.A No. 2023-0787
Decided: July 14, 2025
ORDER
After careful consideration of the parties’ briefs and the record on appeal, and following oral argument, we find it evident that the judgment below should be affirmed on the basis of and for the reasons stated in the Court of Chancery‘s telephonic ruling on defendants’ motion to dismiss dated October 11, 2024.
NOW, THEREFORE, IT IS ORDERED that the judgment of the Court of Chancery is AFFIRMED.
BY THE COURT:
/s/ N. Christopher Griffiths
Justice