Delaware Supreme Court Briefing on Standing to File Shareholder Derivative Claims After a Merger Aft
Alison Frankel covers the developments in shareholder derivative claims arising from the Countrywide financial fiasco and its subsequent merger with Bank of America. The case is now before the Delaware Suprem Court via certification of questions of law. The outcome could matter to mass tort lawyers in situations where there were alleged failures to recognize or disclose impending mass tort problems.
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