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An Introduction to the Law of Corporations: Cases and Materials
Resource 3 . 1 . 5
2 minutes

Delaware Rules of Civil Procedure, Rule 23.1

Brian JM Quinn

The Delaware Rules of Civil Procedure lay out rules for bringing and maintaining a stockholder derivative action. Compliance with these rules is necessary in order for a claim to stay in court. Often times, defendants will move to dismiss a plaintiff's claim for failure to comply with the requirements of Rule 23.1.  

The Rule 23.1 Motion to Dismiss often revolves around the characterization of the claim (direct v. derivative) and the independence of the directors (demand required/demand futility).

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