In dismissing a shareholder derivative suit after a company’s special committee investigated the allegations, a Pennsylvania judge went beyond the principles outlined by the American Law Institute to look at whether an attorney can take the lead in the committee’s investigation.
In LeMenestrel v. Warden, Delaware County Judge Charles B. Burr II pointed out that there are no fixed standards for determining whether an independent committee’s investigation of alleged claims brought against a company is sufficient.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
