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Josy W. Ingersoll, Esquire, Martin S. Lessner, Esquire, YOUNG CONAWAY STARGATT & TAYLOR, Wilmington, Delaware; Gregory A. Markel, Esquire, Martin L. Seidel, Esquire, CADWALADER, WICKERSHAM & TAFT, New York, New York, Attorneys for Defendants Patricio E. Northland, A. Gary Ames, David C. Kleinman, and Jorge P. Montoya.
LAMB, Vice Chancellor.
This case raises the familiar question of whether alleged fiduciary
misconduct by a majority stockholder that concededly gives rise to a derivative claim on behalf of a controlled corporation also gives rise to individual (or class) claims on the part of minority stockholders. The complaint in this matter relates to a course of business dealings between AT&T Corp. and AT&T Latin America Corp. (

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Delaware Law