City of Hialeah Employees' Retirement System v. Insight Venture Partners, LLC, et al., C.A. No. 2022-0846-MTZ (Del. Ch. 2023)

Ross Aronstam & Moritz, together with Williams & Connolly LLP, represented nCino, Inc. and certain of its directors in a derivative suit alleging breach of fiduciary duty in connection with nCino's 2022 acquisition of SimpleNexus, an acquisition target in which nCino investor Insight Venture Partners also held significant stake.  The Court of Chancery determined that demand on the board would not have been futile, granting defendants' motion to dismiss under Court of Chancery Rule 23.1.  On appeal, the Supreme Court summarily affirmed the dismissal.