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    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:

    Nevada Corporations, Derivative Suits, Auerbach v. Bennett, Delaware, derivative action, derivative suit, SLC, Stephen Bainbridge, Zapata

    Nevada Favors New York Over Delaware Precedent For SLC Review

    Nevada law endows a board of directors "full control over the affairs of the corporation".  NRS 78.120(1).  This control is subject only to such limitations as may be provided by NRS chapter 7, or the articles of incorporation of the corporation.  ...

    Nevada Corporations, New York, Auerbach, business judgment rule, Delaware, derivative suit, In re Dish, SLC, Special Litigation Committee, Zapata

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