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United States

In re Salomon Inc Shareholders' Derivative Litigation

68 F.3d 554 (2d Cir. 1995)
JurisdictionUnited States
Year1995
Statusunclear

Key Principle

Federal courts apply the internal affairs doctrine and look to state law (typically Delaware) to determine demand futility in derivative actions.

Area of Law

corporate

Related Cases

ASIC v Cassimatis (No 8) (2016) 336 ALR 209
Tornetta v Musk C.A. No. 2018-0408-KSJM (Del. Ch. 2024)
Slack Technologies LLC v Pirani 598 U.S. 759 (2023)

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