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Home / Opinion Digests / Business Law / SCV: Shareholder suits need not make “futile” demands (access required)

SCV: Shareholder suits need not make “futile” demands (access required)

The circuit court erred in in dismissing the plaintiff’s derivative action on the ground that the plaintiff had failed to first make a demand for the limited liability company to take action. No such demand is required when it would be futile. Background The complaint alleges that Melvin Davis, husband of Dorothy and father of three children, founded ...