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Delaware Supreme Court Holds Tooley Direct vs. Derivative Rule Is No...

2015-07-07 06:54:14| Logistics - Topix.net

As previously reported , in NAF Holdings, LLC v. Li & Fung Limited , 772 F.3d 740 , the Second Circuit certified to the Delaware Supreme Court an unusual question regarding whether the direct vs. derivative test for stockholder claims would bar a direct breach of contract claim by a parent corporation whose subsidiary was injured.

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