Wednesday, July 27, 2016

Tennessee Adopts New Standard for the Direct Versus Derivative Distinction


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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