Caremark;"business judgment rule";"rule 23.1";waste;"demand futility";McWane;"forum non conveniens";subprime;disclosure;compensation;Aronson;Rales;

In Re Citigroup Inc. Shareholder Derivative Litigation, (Del. Ch., Feb. 24, 2009), read opinion here.

This Delaware Chancery Court opinion should be of widespread interest because it is the first detailed analysis of potential liability of directors under Delaware law for claims relating to a company suffering major losses resulting from substantial exposure