Topic: that the board of directors did not fully inform themselves… · Go Syfert
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Topic #20631

3 canonical passages across 3 cases, quoted by 20 opinions in total. These passages cluster together because the same opinions keep quoting them side by side: they state parts of one doctrine. The anchor passage is from Marx v. Akers.

#Case FlagCanonical passage Citers
1 Marx v. Akers Anchor
ny · 1996
green “that the board of directors did not fully inform themselves about the challenged transaction to the extent reasonably appropriate under the circumstances,” 8
2 Bansbach v. Zinn
ny · 2003
green “demand is futile, and excused, when the directors are incapable of making an impartial decision as to whether to bring suit” 8
3 Glatzer v. Grossman
nyappdiv · 2008
green “to justify failure to make a demand, it is not sufficient to name a majority of the directors as defendants with conclusory allegations of wrongdoing or control by wrongdoers” 4

A red or yellow flag on a member means the underlying case has negative treatment: for those, check the case page before relying on the passage.

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