About This Blog
Summaries and analysis of recent Delaware court decisions concerning business-related litigation.
Subscribe to Blog
JDSupra RSS
Join us on LinkedIn
Follow us on TwitterTopics
Top Posts
- Court of Chancery Denies Post-Trial Motions Seeking to Enjoin Tesla Defendants
- Delaware Supreme Court Reverses MFW Dismissal Due to Inadequate Disclosures Regarding Special Committee’s Advisors’ Material Conflicts
- Delaware Superior Court Holds That Attorney-Client Privilege Was Retained By Seller Post-Merger
Top News
- February 19, 2021
- October 30, 2020
- April 1, 2024
Archives
Morris James Blogs
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
Share