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Change of Control Demand Futility

Sheppard Mullin Richter & Hampton LLP

Delaware Supreme Court Adopts New Three-Prong Test for Demand Futility

In United Food & Commercial Workers Union & Participating Food Industry Employers Tri-State Pension Fund v. Zuckerberg, No. 404, 2020, — A.3d –, 2021 WL 3433261 (Del. Sept. 23, 2021), the Delaware Supreme Court adopted a new...more

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