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Delaware Chancery Dismisses Complaint for Failure to Adequately Allege Demand Futility

By Carl D. Neff on May 12, 2024

In the decision of Harrison Metal Capital III, L.P., v. Mathé, et al., C.A. No. 2022-0261-PAF (Del. Ch. Mar. 27, 2024), the Delaware Court of Chancery considered whether plaintiff adequately plead demand futility under Rule 23.1 in its suit alleging that defendants, who were directors and officers of the company, breached their fiduciary duties…

Posted in D&O Litigation

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