Grimes v. Donald

How courts have described this case

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

• holding that the business judgment rule cannot protect compensation decisions which are so egregious as to constitute corporate waste
• holding that a corporation may not assume a “position of neutraliiy and take no position in response to the demand”
• noting that Section 220 may be used in certain cases to secure information to support demand futility
• explaining that if the corporation deems proposed derivative litigation beneficial, it can take over and control the litigation
• noting that “material . . . familial interest” may be a basis for claiming demand futility
• indicating that the relief which would flow to plaintiff is relevant to the derivative-individual claim distinction

Source: CourtListener parenthetical corpus (CC0).