The Seafarers Pension Plan v. Brian T. Moynihan

Opinion

IN THE SUPREME COURT OF THE STATE OF DELAWARE

THE SEAFARERS PENSION PLAN, § derivatively on behalf of BANK OF § No. 468, 2024 AMERICA CORPORATION and BANK OF § AMERICA, N.A., § Court Below–Court of § Chancery of the State Plaintiff Below/Appellant, § of Delaware §

v. § C.A No. 2023-0787 §

BRIAN T. MOYNIHAN, LIONEL L. § NOWELL III, SHARON L. ALLEN, JOSÉ § E. ALMEIDA, FRANK P. BRAMBLE, SR., § PIERRE J. P. DE WECK, ARNOLD W. § DONALD, LINDA P. HUSON, MONICA C. § LOZANO, DENISE L. RAMOS, § CLAYTON S. ROSE, MICHAEL D. § WHITE, THOMAS D. WOODS, MARIA T. § ZUBER, JACK O. BOVENDER, JR., § SUSAN S. BIES, THOMAS J. MAY, R. § DAVID YOST, ALASTAIR BORTHWICK, § GEOFFREY S. GREENER, LAUREN § MOGENSEN, DEAN C. ATHANASIA, § PAUL M. DONOFRIO, and THOMAS K. § MONTAG, § §

Defendants Below/Appellees, § §

and § §

BANK OF AMERICA CORPORATION and § BANK OF AMERICA, N.A., § §

Nominal Defendants Below/Appellees. §

Submitted: June 18, 2025 Decided: July 14, 2025

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

ORDER

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

following oral argument, we find it evident that the judgment below should be

affirmed on the basis of and for the reasons stated in the Court of Chancery’s

telephonic ruling on defendants’ motion to dismiss dated October 11, 2024.

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

Chancery is AFFIRMED.

BY THE COURT:

/s/ N. Christopher Griffiths Justice