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Shareholder Demands › Business Judgment Rule › Board of Directors

Skadden, Arps, Slate, Meagher & Flom LLP

A Pipe Is Indeed a Pipe: Delaware Court of Chancery Provides Important Guidance to Companies by Dismissing Excessive Director Pay...

Skadden, Arps, Slate, Meagher & Flom LLP on

On October 30, 2019, the Delaware Court of Chancery struck a major blow against the plaintiffs’ bar’s efforts to lower the statutory hurdle to maintaining stockholder derivative claims. A stockholder of Ultragenyx...more

Miles & Stockbridge P.C.

Refusal of Stockholder Demand Entitled to Presumption of Business Judgment Rule

Miles & Stockbridge P.C. on

In Oliveira v. Sugarman, No. 1980 September Term 2014 (Jan. 28, 2016), the Maryland Court of Special Appeals held that the decision of a board of directors of a Maryland corporation to refuse a stockholder demand is entitled...more

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