City of Hialeah Employees' Retirement System v. Insight

• Court: Supreme Court of Delaware
• Decided: September 12, 2024
• Docket: 30, 2024
• Status: Published

Opinion

IN THE SUPREME COURT OF THE STATE OF DELAWARE

CITY OF HIALEAH EMPLOYEES’ § RETIREMENT SYSTEM, Derivatively on § Behalf of Nominal Defendants nCINO, INC. § (f/k/a Penny HoldCo, Inc.) and nCINO OpCo, § Inc. (f/k/a nCino, Inc.), § § Plaintiff-Below, Appellant, § § No. 30, 2024 v. § § Court Below–Court of INSIGHT VENTURE PARTNERS, LLC, § Chancery of the State of INSIGHT HOLDINGS GROUP, LLC, § Delaware JEFFREY L. HORING, PIERRE NAUDÉ, § SPENCER G. LAKE, STEVEN A. § C.A. No. 2022-0846 COLLINS, JON DOYLE, PAM KILDAY, § WILLIAM RUH, and GREG ORENSTEIN, § § Defendants-Below, Appellees, § § and § § nCINO, INC. (f/k/a Penny HoldCo, Inc.) and § nCINO OpCo, Inc. (f/k/a nCino, Inc.), § § Nominal Defendants-Below, Appellees. §

Submitted: September 4, 2024 Decided: September 12, 2024

Before SEITZ, Chief Justice; VALIHURA, TRAYNOR, LEGROW, and GRIFFITHS, Justices, constituting the Court en Banc.

ORDER

After consideration of the parties’ briefs and the record on appeal, and

following oral argument, we find it evident that the judgment of the Court of Chancery should be affirmed on the basis of and for the reasons stated in the

Memorandum Opinion dated December 28, 2023, and the Orders granting the

Insight defendants’ and nCINO defendants’ motions to dismiss dated December 29,

2023.

NOW, THEREFORE, IT IS ORDERED that the judgment of the Court of

Chancery is AFFIRMED.

BY THE COURT:

/s/ N. Christopher Griffiths Justice