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CALIFORNIA CORPORATE & SECURITIES LAW

Delaware Special Litigation Committee Review “Could Stand A Good Tweaking”

UCLA Law School Professor Stephen Bainbridge recently critiqued the Nevada Supreme Court’s decision to follow Auerbach v. Bennett, 419 N.Y.S.2d 920 (1979) rather than Delaware’s Zapata Corp. v. Maldonado, 430 A.2d 779 (Del. 1981).  He concludes: To be sure, Delaware law in this area could stand a good tweaking. The Aronson/Zapata framework continues to rely unduly on…

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