Zapata Corp. v. Maldonado

How courts have described this case

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

• explaining that “the board, tainted by the self-interest of a majority of its members, can legally delegate its authority to a committee of two disinterested directors”
• “managerial decision making power * * * encompasses decisions whether to initiate, or refrain from entering, litigation”
• “Directors of Delaware corporations derive their managerial decision making power, which encompasses decisions whether to initiate, or refrain from entering, litigation, from 8 Del.C. s 141 (a).”
• “First, the Court should inquire into the independence and good faith of the committee and the bases supporting its conclusions. Limited discovery may be ordered to facilitate such inquiries.”

Source: CourtListener parenthetical corpus (CC0).