Fond Du Lac Plaza, Inc. v. Reid

How courts have described this case

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

• Burks made it clear that Section 36(b) actions may not be terminated by the board of directors
• directors who reject demand may not terminate a shareholder’s derivative action under section 36(b)
• “Courts have generally been lenient in excusing demand.”

Source: CourtListener parenthetical corpus (CC0).