Double Derivative Actions: Court Applies Law of Country of Spanish Parent Company in Dismissing Complaint By Fox Rothschild LLP on August 30, 2011 “‘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 … Continue Reading Double Derivative Actions: Court Applies Law of Country of Spanish Parent Company in Dismissing Complaint
