Tamika Montgomery-Reeves. Del. Supreme Court Approves Universal Demand Futility Test Used by Chancery in Facebook Case
The two tests that had been in use for decades are similar enough, Justice Tamika Montgomery-Reeves wrote, that with legal changes since they were decided, blending them modernizes and streamlines how demand futility is weighed.
September 24, 2021 at 03:57 PM
4 minute read
Corporate Governance
One of Delaware's two main demand futility tests should no longer stand on its own, Delaware Supreme Court Justice Tamika Montgomery-Reeves wrote Thursday.
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