1. In re Citigroup Inc. S'holder Derivative Litig., Civil Action No. 3338-CC, COURT OF CHANCERY OF DELAWARE, January 28, 2009, Submitted, February 24, 2009, Decided
OVERVIEW: As corporate shareholders did not properly plead demand futility pursuant to Del. Ch. Ct. R. 23.1 in most of their claims of corporate waste and breaches of fiduciary duties by former and current corporate officers and directors, the claims were dismissed; there was insufficient factual particularity as to the futility of the demand.
If you are not a registered lexisONE® Community user, you will be asked to register.
Registration is free.
