“‘In a double derivative action involving a wholly owned subsidiary, a stockholder plaintiff only must plead demand futility (or otherwise satisfy Rule 23.1) at the parent level.’ [However], where ‘the
forum non conveniens
Arbitration Clauses: Analyzing the Scope of Power Contractually Granted to Arbitrators
By Fox Rothschild LLP on
A recent decision rendered by the Delaware Court of Chancery, Preferred Sands of Genoa, LLC v. Outotec (USA) Inc., C.A. No. 6011-VCN (Del. Ch. July 29, 2011), provides…