In Weiss v. Swanson, 2008 WL 623324 (Del. Ch., March 7, 2008), read opinion here, the Chancery Court denies a motion to dismiss that asserted the failure to make pre-suit demand in a case alleging back-dating, bullet-dodging and spring-loading of stock options. The court discusses the Aronson and Rales standards.

Update: A more detailed overview of this decision on a blog called The Race to the Bottom (which is usually very critical of Delaware but in this case finds a reason not to be critical), is available at the following link: