Books and Records Demand

In the recent decision of Laborers’ District Council Construction Industry Pension Fund v. Bensoussan, C.A. No. 1123-CB (Del. Ch. June 14, 2016), the Court of Chancery was confronted with
Continue Reading Failure to File Section 220 Demand Prior to Derivative Litigation Does Not Render Representation Inadequate

In the recent decision of The Joseph Penar Family Trust v. Adams, C.A. 10441-VCG (Del. Ch. Apr. 28, 2016), Vice Chancellor Glasscock dismissed a derivative complaint for lack
Continue Reading Derivative Complaint Dismissed for Lack of Supporting Factual Allegation – Books and Records Request Should be Used to Develop Facts

Often times, parties move to seek inspection of books and records under Section 220 in order to support a claim against management for corporate misconduct. However, the Court of Chancery
Continue Reading Delaware Supreme Court Affirms Chancery’s Denial of Books and Records Demand – Credible Basis for Misconduct Not Established