Vice Chancellot Lori W. Will of the Delaware Court of Chancery. Courtesy Photo Marriott Data Breach Case First to Be Fully Dismissed Under New Demand-Futility Test
A plaintiff in Delaware still has to show a board's systemic oversight failure and knowledge of red flags to move forward with a Caremark claim.
October 07, 2021 at 02:27 PM
3 minute read
Securities Litigation
A shareholder's case against Marriott International Inc. has become the first in the Court of Chancery to be dismissed entirely based on the new standardized three-part test to check demand futility.
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