In the case of Oklahoma Firefighters Pension & Retirement System v. Citigroup, C.A. No. 9587-ML (Del. Ch. Apr. 24, 2015), the Delaware Court of Chancery affirmed the Final Report
Continue Reading Section 220: Court Orders Citigroup to Produce Records of its Subsidiary (Master’s Final Report Adopted by Court)
Books and Records Demand
Confidentiality Agreements Discussed in Section 220 Demand Decision
Often times, it is necessary for a stockholder to enter into a confidentiality agreement to view a corporation’s books and records. The Court of Chancery in Jefferson v. Dominion Holdings, …
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Scope of Section 220 Books and Records Demand Upon Close Corporation
The 2014 decision of Jefferson v. Dominion Holdings, Inc., C.A. No. 8663-VCN (Del. Ch. Sept. 24, 2014) provides an excellent example of the scope of production allowable in a…
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Section 220 Inspection of Stocklist Materials
Section 220 of the Delaware General Corporation Law (“DGCL”) provides a stockholder with the ability to inspect a corporation’s stocklist. Upon the prerequisites of the statute being met, the burden…
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The Importance of a Books and Records Inspection Clause in an LLC Operating Agreement
A member of a Delaware limited liability company (“LLC”) may find it desirable to make a demand to inspect the books and records of the company. For example, a member…
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Books and Records Action: Demand Cannot be Expanded Mid-Litigation
A books and records demand made under Section 220 of the Delaware General Corporation Law (“DGCL”), must, among other things, state a “proper purpose”, and the categories of documents…
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Court of Chancery Denies Inspection Rights to Non-Member of LLC
In the decision of Prokupek v. Consumer Capital Partners LLC, C.A. No. 9918-VCN (Dec. 30, 2014), the Court of Chancery rendered an opinion in which it denied inspection rights…
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Section 220 Demand Denied for Failure to State Proper Purpose
In the recent decision of Wolst v. Monster Beverage Corporation, C.A. No. 9154-VCN (Oct. 3, 2014), the Court denied plaintiff’s Section 220 books and records demand for failure…
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Section 220: Court Orders Citigroup to Produce Records of its Subsidiary
In the case of Oklahoma Firefighters Pension & Retirement System v. Citigroup, C.A. No. 9587-ML (Del. Ch. Sept. 30, 2014), Master LeGrow issued a Final Report granting inspection…
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Books and Records Demand: Inspection of Privileged Documents
In a books and records demand under Section 220 of the Delaware General Corporation Law, the Court of Chancery has broad discretion to determine which categories of books and records…
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