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Derivative Suit Personal Benefit

Skadden, Arps, Slate, Meagher & Flom LLP

Delaware Supreme Court Issues Two Opinions Simplifying Delaware Law on Derivative Claims

In one week, the Delaware Supreme Court handed down two important opinions simplifying Delaware law on derivative claims. On September 23, 2021, in United Food and Commercial Workers Union and Participating Food Industry...more

Akerman LLP

Delaware Supreme Court Decision Creates New Paradigm for Derivative Claims

Akerman LLP on

On September 23, the Delaware Supreme Court issued a decision replacing the long-standing Aronson test for demand futility and instead adopts and affirms a new universal Rales-like test applied below by Vice Chancellor...more

Morris James LLP

Court Of Chancery Rejects Settlement Because Of Named Plaintiff Conflict

Morris James LLP on

Smollar v. Potarazu, C.A. No. 10287-VCN (January 14, 2016) - This decision points out the hazard in providing a separate benefit to the named plaintiff in connection with the settlement of a derivative suit....more

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