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United States FAA section 5forum selectionderivative actions

In re Salomon Inc Shareholders' Derivative Litigation

68 F.3d 554 (2d Cir. 1995)
JurisdictionUnited States
CourtUnited States Court of Appeals for the Second Circuit
Year1995
StatusBinding authority

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

Tornetta v Musk C.A. No. 2018-0408-KSJM (Del. Ch. 2024)
Slack Technologies LLC v Pirani 598 U.S. 759 (2023)
In re Tesla Motors Inc Stockholder Litigation In re Tesla Motors, Inc. Stockholder Litigation, C.A. No. 12711-VCS (Del. Ch. Apr. 27, 2022)

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