Cases & Investigations
salesforce.com Inc. Derivative Litigation
Type: Notable Cases
Case Number: 2018-0922-AGB
Court: Delaware Chancery Court
Wolf Popper Files Derivative Action Against salesforce.com
On December 21, 2018, Wolf Popper filed an action against salesforce.com, challenging the excessive amount of compensation salesforce’s board of directors had awarded non-employee directors for the Company’s 2016 through 2019 fiscal years. The award amounts at issue had been determined by the Board without shareholder approval, and were significantly larger than what non-employee directors were being compensated at salesforce’s peer companies. Plaintiffs brought claims alleging breach of fiduciary duty against all of salesforce’s board members, and unjust enrichment against the non-employee directors who had received the awards.
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Case Update | 9/17/2019