Practical Implications Of Delaware's New Demand-Futility Test
By Courtney Worcester and Roger Lane ( October 13, 2021, 3:34 PM EDT) -- In a decision that provides valuable clarity to an important aspect of Delaware corporate law, the Delaware Supreme Court has announced a new three-part test as the "universal test for assessing whether demand should be excused as futile" when stockholders seek to bring derivative litigation on a company's behalf....
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