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Court Of Chancery Explains Aronson Requirements
Posted In Derivative Claims
Ryan v. Gursahaney, C.A. 9992-VCP (April 28, 2015)
This is another decision explaining the pleading requirements to meet the standards to show demand is excused under Aronson v. Lewis. General allegations that the directors some how have a self-interest in the underlying decision or that their decision was too unreasonable to be in good faith just are not sufficient to meet those standards.
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