In Badr Abdelhameed Dhia Jafar v. Vatican Challenge 2017 LLC, 2022 WL 365142 (Del. Ch. Feb. 8, 2022), the Court of Chancery held the petitioning member of the
Continue Reading Chancery Court Holds Plaintiff Responsible For Receiver’s Fees In Section 220 Action.
Books and Records Demand
Stockholder Lacks Standing to Seek Inspection After Stock Canceled In Merger
In Todd Swift v. Houston Wire & Cable Co., C.A. No. 2021-0525-LWW, memo. op. (Del. Ch. Dec. 3, 2021), the Court of Chancery found that a stockholder lacked standing…
Continue Reading Stockholder Lacks Standing to Seek Inspection After Stock Canceled In Merger
AmerisourceBergen Ordered to Produce Board Level Documents Relating to Opioid Investigations in Section 220 Books and Records Action
In one of the more lengthy decisions issued in a books and records case commenced under 8 Del. C. § 220, Lebanon County Employees’ Retirement Fund, et al. v. AmerisourceBergen …
Continue Reading AmerisourceBergen Ordered to Produce Board Level Documents Relating to Opioid Investigations in Section 220 Books and Records Action
Chancery Approves Section 220 Books and Records Demand to Investigate Merger Process
In the recent decision of Kosinski v. GGP, Inc., C.A. No. 2018-0540-KSJM (Del. Ch. Aug. 29, 2019), the Delaware Court of Chancery granted a stockholder’s books and records…
Continue Reading Chancery Approves Section 220 Books and Records Demand to Investigate Merger Process
Delaware Supreme Court Clarifies Confidentiality Order Requirement in Books and Records Action
In the recent decision of Tiger v. Boast Apparel, Inc., No. 23, 2019 (Del. Aug. 7, 2019), the Delaware Supreme Court held that conditioning the inspection of documents pursuant…
Continue Reading Delaware Supreme Court Clarifies Confidentiality Order Requirement in Books and Records Action
Chancery Grants Inspection of Books and Records to Facebook Investors Concerning Data Breach
On May 31, 2019, the Court of Chancery issued a 57-page memorandum opinion ordering Facebook Inc. to provide certain corporate books and records to various plaintiff investors, in the case…
Continue Reading Chancery Grants Inspection of Books and Records to Facebook Investors Concerning Data Breach
Section 220 Books and Records Demand Denied by Court of Chancery
In the recent decision of Hoeller v. Tempur Sealy Int’l Inc., C.A. No. 2018-0336-JRS (Del. Ch. Feb. 12, 2019), the Court of Chancery adjudicated a books and records dispute…
Continue Reading Section 220 Books and Records Demand Denied by Court of Chancery
Books and Records Action Dismissed in Light of Parallel Plenary Proceeding
In the recent decision of CHC Investments LLC v. Firstsun Capital Bancorp, C.A. No. 2018-0610-KSJM (Del. Ch. Jan. 24, 2019), the Court of Chancery dismissed a books and records…
Continue Reading Books and Records Action Dismissed in Light of Parallel Plenary Proceeding
Chancery Addresses Directors’ Rights to Inspect Books and Records of Delaware Corporation
A director of a Delaware corporation is afforded broad rights under 8 Del. C. § 220(d) to inspect a corporation’s books and records. In the recent decision of Schnatter v. …
Continue Reading Chancery Addresses Directors’ Rights to Inspect Books and Records of Delaware Corporation
Chancery Grants Section 220 Books and Records Demand
In the recent decision of In re UnitedHealth Group, Inc. Section 220 Litig., C.A. No. 2017-0681-TMR (Del. Ch. Feb. 28, 2018), the Court of Chancery granted plaintiff’s Section 220…
Continue Reading Chancery Grants Section 220 Books and Records Demand