Tamika Montgomery-Reeves. Facebook Case Rewrites Futility Test Used by Delaware Chancery
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
Securities Litigation
The original version of this story was published on Delaware Business Court Insider
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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