Corporate Litigation: Stockholder Pre-Suit Demand Review
In their Corporate Litigation column in the New York Law Journal, Litigation Partner Joe McLaughlin and Associate Shannon McGovern discuss the Delaware Court of Chancery's decision in City of Tamarac Firefighters’ Pension Tr. Fund v. Corvi, which addresses the steep burden a derivative plaintiff faces when seeking to plead that a board wrongfully refused its pre-litigation demand and provides guidance on several recurring aspects of board responses to demands.