· 6/17/2003
In Re ORACLE CORP DERIVATIVE LITIGATION
Citations
- 824 A.2d 917
- 2003 WL 21396449
How courts have described this case
Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.
- reasoning that in assessing a director’s independence the chancellor must “necessarily draw on a general sense of human nature”
- noting that ‘‘[a] small number of directors feels the moral gravity — and social pressures — of [the duty to decide whether to sue fellow directors] alone”
- recognizing that Delaware courts have applied independence standards inconsistently
- employing concept and citing Kenneth Culp Davis, An Approach to Problems of Evidence in the Administrative Process, 55 Harv. L.Rev. 364, 402-03 (1942)
- describing the “moral gravity ... and social pressures” on special litigation committee members and noting that for this reason, “the independence inquiry is critically important”
- questioning independence of SLC members when defendants had made millions of dollars of donations to the members’ university
Source: CourtListener parenthetical corpus (CC0).
Judges: Strine
Read full opinion on CourtListenerSourced from CourtListener / Free Law Project (CC0).
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.