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Activision Blizzard, Inc. v. Hayes

Supreme Court of Delaware

November 15, 2013

ACTIVISION BLIZZARD, INC., PHILIPPE G.H. CAPRON, JEAN-YVES CHARLIER, ROBERT J. CORTI, FREDERIC R. CREPIN, JEAN-FRANCOIS DUBOS, LUCIAN GRAINGE, BRIAN G. KELLY, ROBERT A. KOTICK, ROBERT J. MORGADO, RICHARD SARNOFF, REGIS TURRINI, VIVENDI, S.A., ASAC II LP and ASAC II LLC, Defendants Below, Appellants,
v.
DOUGLAS M. HAYES, on behalf of Himself and all Others Similarly Situated and Derivatively on Behalf of Nominal Defendant ACTIVISION BLIZZARD, INC., Plaintiff Below, Appellee

Submitted: October 10, 2013.

Page 1030

Court Below: Court of Chancery of the State of Delaware. C.A. No. 8885-VCL.

Collins J. Seitz, Jr., Esquire, Garrett B. Moritz, Esquire, Anthony A. Rickey, Esquire, Seitz Ross Aronstam & Moritz LLP, Wilmington, Delaware for Appellants Robert J. Corti, Robert J. Morgado and Richard Sarnoff.

Of William Savitt, Esquire (argued), Kevin S. Schwartz, Esquire, Ryan A. McLeod, Esquire, Anitha Reddy, Esquire, Wachtell, Lipton, Rosen & Katz, New York, New York.

Raymond J. DiCamillo, Esquire, Scott W. Perkins, Esquire, Richards, Layton & Finger, P.A., Wilmington, Delaware for Appellants Vivendi S.A., Philippe G.H. Capron, Jean-Yves Charlier, Frederic R. Crepin, Jean-Francois Dubos, Lucian Grainge and Regis Turrini.

Of Joel A. Feuer, Esquire and Michael M. Farhang, Esquire, Gibson, Dunn & Crutcher LLP, Los Angeles, California.

Edward P. Welch, Esquire, Edward B. Micheletti, Esquire, Sarah Runnells Martin, Esquire and Lori W. Will, Esquire, Skadden, Arps, Slate, Meagher & Flom LLP, Wilmington, Delaware for Appellant Activision Blizzard, Inc.

R. Judson Scaggs, Jr., Esquire, Angela C. Whitesell, Esquire, Morris, Nichols, Arsht & Tunnell LLP, Wilmington, Delaware for Appellants Brian G. Kelly, Robert A. Kotick, ASAC II LP and ASAC II LLC.

Of Robert A. Sacks, Esquire and Diane L. McGimsey, Esquire, Sullivan & Cromwell LLP, Los Angeles, California.

Michael Hanrahan, Esquire (argued), Gary F. Traynor, Esquire, Paul A. Fioravanti, Jr., Esquire, Patrick W. Flavin, Esquire and Eric J. Juray, Esquire, Prickett, Jones, & Elliott, P.A., Wilmington, Delaware for Appellee Douglas M. Hayes.

Of Marc A. Topaz, Esquire, Eric L. Zagar, Esquire, Robin Winchester, Esquire and Matthew A. Goldstein, Esquire, Kessler Topaz Meltzer & Check LLP, Radnor, Pennsylvania.

Before STEELE, Chief Justice, HOLLAND, BERGER, JACOBS and RIDGELY, Justices, constituting the Court en Banc.

OPINION


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