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Applying Delaware's Direct vs. Derivative Analysis
2014-12-10 08:09:41| Logistics - Topix.net
A decade ago, the Delaware Supreme Court, in Tooley v. Donaldson, Lufkin & Jenrette , 845 A.2d 1031, 1036 , observed that "[d]etermining whether an action is derivative or direct is sometimes difficult and has many legal consequences" and "[t]herefore, it is necessary that a standard to distinguish such actions be clear, simple and consistently articulated and applied by our courts ."
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Category:Transportation and Logistics
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