Unlike a Section 220 request for books and records under the Delaware General Corporation Law (“DGCL”), the books and records provision of the Delaware LLC Act (Section 18-305) can be trumped by an LLC’s operating agreement.  See Mickman v. AIP, LLC, C.A. No. 3869-VCP (Del. Ch. July 28, 2009).  In that case, the

Shareholders of a Delaware corporation have at their disposal the ability to demand inspection of the books and records of a Delaware corporation pursuant to Section 220 of the Delaware General Corporation Law.  This blog post will briefly discuss the proper scope of a Section 220 action to inspect the books and records of a

In Central Laborers Pension Fund v. News Corporation, C.A. No. 6287-VCN (Del. Ch. Nov. 30, 2011), denied a shareholder’s petition for inspection of books and records under Section 220 of the Delaware General Corporation Law (“DGCL”) after it had already filed a derivative suit for breach of fiduciary duty relating to a purchase