By Ian Kerr and Muhammad Faridi ( June 3, 2020, 6:28 PM EDT) -- In derivative shareholder actions, New York law requires a plaintiff shareholder seeking to vindicate the rights of a corporation to plead, with particularity, either that before filing suit a request was made on the corporation's board of directors to initiate the action or that any such demand, if made, would have been futile.[1]...
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