Fort Wayne, Indiana's Gladieux Energy, a defendant in a Houston venture capital lawsuit. Credit: Google Delaware Law Divides Texas Court on Question of Director Liability
"If this is an 'interested' director transaction ... the inquiry ceases. In that event, futility of demand has been established by any objective or subjective standard," the dissent said.
January 24, 2023 at 12:13 PM
6 minute read
The original version of this story was published on Texas Lawyer
A Houston appellate panel could not agree on Delaware case law as it is applied to a limited liability corporation co-founder who accused his partner of self-dealing.
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