Beam Ex Rel. M. Stewart Living v. Stewart

How courts have described this case

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

• explaining that officer-level documents also can be necessary to understand how “directors handled [management] proposals or conduct in various contexts,” which could reveal patterns of boardroom behavior
• noting that in “the demand-excusal context, . . . the board is presumed to be independent”
• observing that in considering whether demand is excused in a derivative action, demand is futile unless there is a majority of independent directors
• noting that the existence of a “personal friendship” is insufficient to establish that a director is not independent
• noting that in “the demand-excusal context, . . . the board is presumed to be independent”
• explaining that Officer-Level Materials can be necessary to understand how “directors handled [management] proposals or conduct in various contexts,” which could reveal patterns of boardroom behavior

Source: CourtListener parenthetical corpus (CC0).