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Home / Opinion Digests / Corporate / Corporate – Shareholders’ Derivative Complaint – Demand on Directors – Futility – Directors’ Liability (access required)

Corporate – Shareholders’ Derivative Complaint – Demand on Directors – Futility – Directors’ Liability (access required)

Where the plaintiff-shareholders allege that the defendant-directors (1) caused nominal defendant SCANA Corp. to make misleading statements, (2) approved “incentive award” pay for SCANA’s officers despite SCANA’s nuclear project being in jeopardy, and (3) failed to ensure that SCANA’s filings with the Securities and Exchange Commission were accurate, plaintiffs have sufficiently alleged that it would ...

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