Association of Commonwealth v. Hake

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• demand should provide directors with sufficient information regarding relief sought and grounds for such relief so demand can be evaluated
• it is generally accepted rule of corporate law that it is futile to request directors accused of wrongdoing to sue themselves
• “[w]here no demand was made because it was deemed futile, the petition must state with particularity the facts which excuse such demand”

Source: CourtListener parenthetical corpus (CC0).