Kandell v. Niv, DEFAX Case No. D67895 (Del.Ch. Sept. 29, 2017), Glasscock, V.C. (56 pages).
Litigation demand on board of directors was excused for claim that directors failed to bring company into compliance with financial regulations where clear purpose of regulations acted as "red flag" to create presumption that directors acted with intent to violate the law or acted in bad faith to ignore their duty to prevent such violation.
|October 11, 2017 at 12:00 AM
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