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FSD Pharma Says Delaware Suit Belongs In Ontario

An FSD Pharma Inc. stockholder's derivative Delaware complaint alleging breaches of fiduciary duty and corporate waste should be dismissed because he failed to first establish standing in Ontario, the Canadian company told Delaware's Court of Chancery Tuesday. ....

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Practical Implications Of Delaware's New Demand-Futility Test

In United Food and Commercial Workers Union v. Zuckerberg, the Delaware Supreme Court adopted a new universal test for assessing a board’s ability to independently assess a shareholder litigation demand, which may close off certain paths for plaintiffs who seek to plead demand futility, say Courtney Worcester and Roger Lane at Holland & Knight. ....

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Judge throws out suit against Tesaro board over $5.1 bln sale

Judge throws out suit against Tesaro board over $5.1 bln sale
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