Delaware Vice Chancellor: Shareholder Does Not Show Presuit Demand Was Futile

(June 10, 2024, 8:20 AM EDT) -- WILMINGTON, Del. — A vice chancellor in the Delaware Court of Chancery held that a shareholder’s derivative complaint alleging that a telecommunications company failed to prevent its parent company’s alleged scheme to centralize customer data to train artificial intelligence must be dismissed, finding that the shareholder failed to show that making a demand on the board would have been futile....