Wilson v. Tully
Appellate Division of the Supreme Court of the State of New York
1Opinion of the Court
OPINION OF THE COURT
Andrias, J.
The issue in this stockholder’s derivative action is whether plaintiffs’ failure to demand, prior to suit, that Merrill Lynch’s board of directors take some action on their complaint is fatal to their action.
The complaint asserts three causes of action: (1) intentional and/or reckless breaches of the defendant directors’ fiduciary duties to the Company and its shareholders, (2) indemnification, and (3) waste. It alleges, in pertinent part, that one of Merrill Lynch’s brokers, defendant Michael Stamenson, became an investment advisor to the Treasurer-Tax…
2Cases cited16 opinions
- Aronson v. LewisSupreme Court of Delaware · 1984
- Rales v. Blasband Ex Rel. Easco Hand Tools, Inc.Supreme Court of Delaware · 1993
- In Re Caremark International Inc. Derivative LitigationCourt of Chancery of Delaware · 1996
- Zapata Corp. v. MaldonadoSupreme Court of Delaware · 1981
- Grobow v. PerotSupreme Court of Delaware · 1988
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3Cited by10 opinions
- Richbell Information Services, Inc. v. Jupiter Partners, L.P.Appellate Division of the Supreme Court of the State of New York · 2003
- Wilmoth v. SandorAppellate Division of the Supreme Court of the State of New York · 1999
- Miller v. SchreyerAppellate Division of the Supreme Court of the State of New York · 1999
- Miller v. SchreyerAppellate Division of the Supreme Court of the State of New York · 1999
- Simon v. BechererAppellate Division of the Supreme Court of the State of New York · 2004
5 more not listed; retrieve them via the Exa API.