Trade Desk Inc. and its CEO Jeff Green persuaded Delaware’s Chancery Court to toss claims from shareholders challenging a compensation award for Green that the shareholders say could top $5 billion.
The Trade Desk shareholders—individuals and a pension fund—failed to show they could bring the lawsuit on behalf of the company without first demanding the company directors bring the claims, Vice Chancellor Paul A. Fioravanti, Jr. said in a Feb. 14 decision.
The shareholders allege the eight-member board of directors improperly bypassed a stockholder vote in 2021 when it awarded Green a “mega-grant” as part of his compensation. If ...
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