In Re Regions Morgan Keegan Securities, Derivative

How courts have described this case

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

• concluding that allegations establishing the “lack of insurance coverage” for the directors or allegations that the directors “might have to sue themselves or other directors” are not enough to establish futility
• finding that a new demand is required only when a plaintiff files an amended complaint and that complaint includes additional claims unrelated to claims already “validly in litigation”
• possibility directors might have to sue themselves did not waive demand under Maryland law

Source: CourtListener parenthetical corpus (CC0).