Tennessee Adopts
New Standard for the Direct Versus Derivative Distinction
On July 11, the Tennessee
Supreme Court adopted a new test, it based on Delaware law, for when a lawsuit
is direct versus derivative. Keller v. Estate of Edward Stephen McRedmond,
No. M2013-02582-SC-R11-CV (Tenn. July 11, 2016).
Professor Joan Heminway has
already done a review of this decision.
HERE IS A LINK to that discussion.
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