Zapata v. Maldonado

430 A.2d 779 (Del. Supr. 1981)


Lead Counsel: Garwin, Bronzaft, Gerstein & Fisher, L.L.P.

Unquestionably one of the most important decisions in stockholder derivative litigation. The Delaware Supreme Court's decision halted a tidal wave of decisions that threatened to eliminate the derivative action as an effective barrier to corporate waste and mismanagement.