Rales v. Blasband ex rel. Easco Hand Tools, Inc. (1993) Overview | LSData Case Brief Video Summary

There's a lawsuit against Danaher Corporation where the plaintiff accuses the Rales brothers and other board members of misusing money from a sale of Easco's Senior Subordinated Notes by investing it in risky bonds. The plaintiff claims this was to help Drexel Burnham Lambert, which was struggling to sell those bonds. The investments have lost at least $14 million for Easco. The court is deciding whether demand is excused on the Board due to a reasonable doubt about the board's impartiality.

Rales v. Blasband ex rel. Easco Hand Tools, Inc. (1993)
Delaware Supreme Court
634 A.2d 927

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