The Delaware Court of Chancery, in Timothy Richardson v. J. Coley Clark, et al. and MoneyGram International, Inc., C.A. No. 2019-1015-SG, memo. op. (Del. Ch. Dec. 31, 2020), dismissed Caremark claims for failure to plead demand futility where, although director defendants conceivably responded ineffectively to compliance problems, plaintiff did not allege with particularity that they acted in bad faith.
NEW: Sidley Austin discusses the decision in Caremark Claims: Not Mission Impossible, but Still Risky Business for Plaintiffs.
$$$ Law360 discusses the decision in MoneyGram Dodges Suit Over Money Laundering Compliance.