Richard M. Buxbaum,
Conflict-of-Interests Statutes and the Need for a Demand on Directors in Derivative Actions, 68
Cal. L. Rev.
Available at: http://scholarship.law.berkeley.edu/facpubs/1349
Examines the developments concerning the prerequisites to allowing a volunteer shareholder to sue on behalf of the corporation, particularly the so-called demand on directors as a condition precedent to such derivative actions. Standards used by courts to decide when a refusal to sue should terminate a derivative suit; Statutes that illustrate the interplay between substantive standards and standards for judicial review; Review of related court cases.