Del. Justices Toughen Demand-Futility Test In Facebook Row
By Dorothy Atkins ( September 23, 2021, 10:03 PM EDT) -- Delaware's Supreme Court adopted a new more stringent demand-futility standard for derivative suits Thursday and upheld the dismissal of a Facebook investor's $95 million derivative suit that sought to recover litigation fees Facebook spent defending CEO Mark Zuckerberg's eventually abandoned stock reclassification plan....
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