N.Y. Panel Affirms Dismissal of Discovery Motion in Shareholder Derivative Suit

, Delaware Business Court Insider


New York courts should follow Delaware's no-discovery rule once a shareholder plaintiff has made a presuit demand upon a corporate board that is refused, a unanimous panel on the Appellate Division, First Department held last week.

What's being said

Comments are not moderated. To report offensive comments, click here.

Preparing comment abuse report for Article# 1202656995075

Thank you!

This article's comments will be reviewed.