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Corporate & Securities Law

: BusinessAssociationsBlog.com

Director Standing qua Director to Sue Derivatively

By Stephen Bainbridge

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Francis Pileggi alerts us to a new Delaware supreme court decision, Schoon v. Smith, which Pileggi explains held that “a director qua director may not sue fellow directors of a corporation derivatively.” Plieggi links to a commentary by Steven Haas, who opines that: Does a Director Qua Director Have Standing to Sue Derivatively? No, so said the Delaware Supreme Court yesterday in...

[continued on site]

Full post as published by BusinessAssociationsBlog.com on February 13, 2008 (boomark / email).

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