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Posts tagged "Shareholder derivative suit pre-suit demand futile standing pleading Delaware law"

Superior Court Dismisses Shareholder Derivative Suit For Failure To Plead With Particularity That Pre-suit Demand Was Futile

The Superior Court has dismissed without prejudice a shareholder derivative suit on the grounds that it failed to allege with sufficient particularity that making a pre-suit demand of the board of directors would be futile. The Court also said plaintiff failed to allege that she was a shareholder at the time of the transactions at issue.