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Expert Analysis

Share Repurchases Leave Cos. Susceptible To Litigation

By Amit Bubna ( March 10, 2026, 12:25 PM EDT) -- Chirag Mody v. Aldrich, a class action against the directors of Semrush, a software-as-a-service company, was filed on Oct. 7 in the Delaware Court of Chancery by a stockholder alleging a breach of fiduciary duty for the approval of a share repurchase program that would allow the founder to obtain majority control.[1] This brings into focus a potentially growing source of litigation risk....

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