Rales v. Blasband
Citation
634 A.2d 927 (Del. 1993)
Facts
Stub — to be completed.
Issue
Stub — to be completed.
Holding
Stub — to be completed.
Rule
When the Aronson test does not apply (e.g., when the challenged transaction was not made by the current board), demand futility is determined by asking whether the particularized facts create a reasonable doubt that the current board can impartially consider a demand.
Significance
Extended demand futility analysis to situations where a new board is in place or the challenged decision is not a board transaction.