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.
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
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
In the recent decision of Mehta v. Kaazing Corporation, C.A. No. 2017-0087-JRS (Del. Ch. Sept. 29, 2017), Vice Chancellor Slights examined a stockholder’s books and records request upon a
Continue Reading Court of Chancery Examines Section 220 Books and Records Inspection Demand
Section 18-305 of the Delaware LLC Act governs the rights of inspection of books and records of a Delaware LLC by a manager or member. For links to prior posts
Continue Reading Delaware LLC Inspection Rights Under Section 18-305 Examined
In the recent decision of Amalgamated Bank v. Yahoo! Inc., C.A. 10774-VCL (Del. Ch. Feb. 2, 2016), Vice Chancellor Laster issued a “must read” decision that ruled on
Continue Reading Section 220 Books and Records Statute Includes Electronically Stored Information
Often times, shareholders of a Delaware company will make a books and records demand upon the company to investigate corporate mismanagement. Such a request was considered in the recent decision
Continue Reading Books and Records Demand – Investigation into Corporate Mismanagement
The Court of Chancery’s recent decision of In re: New Media Books and Records Action, C.A. No. 9984-VCN (Del. Ch. Dec. 23, 2015) demonstrates the Court’s reluctance to grant
Continue Reading Books and Records Request – Valuation as Proper Purpose
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)
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
Continue Reading Scope of Section 220 Books and Records Demand Upon Close Corporation