Topic: the doctrine of demand futility, the business judgment rule… · Go Syfert
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Topic #34991

2 canonical passages across 2 cases, quoted by 10 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 In re Fab Universal Corp. Shareholder Derivative Litigation.

#Case FlagCanonical passage Citers
1 In re Fab Universal Corp. Shareholder Derivative Litigation Anchor
nysd · 2015
green “the doctrine of demand futility, the business judgment rule, and the generally uncertain prospect of establishing a breach of fiduciary duties combine to make shareholder derivative suits an infamously uphill battle for plaintiffs.” 7
2 Maryland Ex Rel. Sachs v. Mid-Atlantic Toyota Distributors, Inc.
mdd · 1983
green “whether the proposed settlement is fair, adequate, and reasonable.” 3

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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