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Court Of Chancery Holds Demand Is Not Excused When Only Best Practices Were Not Followed
Posted In Derivative Claims
Wilkin v. Narachi, C.A. 12412-VCMR (February 28, 2018)
Demand on directors is not required when it is alleged that they have violated a statute or rule. But when the claim is only that they violated the "best practices” suggested by an agency, that is not enough to excuse demand on the board.
Tags: Derivative Claims
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