Special Litigation Committees in Shareholder Derivative Litigation | Practical Law

Special Litigation Committees in Shareholder Derivative Litigation | Practical Law

A Practice Note examining the key features of special litigation committees (SLCs) and their role in shareholder derivative litigation. Specifically, this Note addresses the basic features of SLCs, when and how to form an SLC, motions to dismiss by an SLC, judicial review of an SLC's recommendations, and how to obtain discovery from an SLC.

Special Litigation Committees in Shareholder Derivative Litigation

Practical Law Practice Note 8-508-2440 (Approx. 18 pages)

Special Litigation Committees in Shareholder Derivative Litigation

by Joseph M. McLaughlin, Simpson Thacher & Bartlett LLP, with Practical Law Litigation
Maintained • Delaware, USA (National/Federal)
A Practice Note examining the key features of special litigation committees (SLCs) and their role in shareholder derivative litigation. Specifically, this Note addresses the basic features of SLCs, when and how to form an SLC, motions to dismiss by an SLC, judicial review of an SLC's recommendations, and how to obtain discovery from an SLC.