City of Hialeah Employees' Retirement System v. Insight

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

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