Kraft Heinz office. Credit: JHVEPhoto/Shutterstock Kraft Heinz Shareholders: Chancery Decision Misjudged Demand-Futility Standard
A lawyer for shareholders said said the demand-futility test, which was recently revamped, is meant to address the nature of directors' business relationships, not to cast aspersions on their integrity or loyalty to the company.
June 22, 2022 at 05:54 PM
3 minute read
Corporate Governance
The Delaware Supreme Court Wednesday considered arguments on whether The Kraft Heinz Co. directors were too intertwined with 3G Capital Inc. and Berkshire Hathaway to independently consider a litigation demand.
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