Blue Bell Creameries frustrated a Delaware Chancery Court judge Wednesday by arguing a $60 million settlement in 2020 over a deadly listeria outbreak released its top-level holding company from pending claims in a separate lawsuit.
The case produced a landmark Delaware Supreme Court opinion in 2019 on corporate oversight claims that’s “spawned a million CLE panel discussions” but otherwise has proceeded fitfully through unusual moves by the Blue Bell Creameries USA Inc. board’s special litigation committee, said Vice Chancellor Nathan A. Cook. He was considering a motion to end the lawsuit before a February trial, but he ultimately adjourned the ...