JD Supra

Delaware Supreme Court Enforces Form and Manner Requirements for Books-and-Records Demands

As this decision illustrates, Section 220 of the DGCL contains several form and manner requirements for books-and-records demands that the Delaware courts will enforce to deny inspections. Here, some ...
JD Supra

DExit Strategy: Delaware’s Books and Records Reset

Stockholders of Delaware corporations for many years have had the right to examine stock ledgers, stockholder lists and “books and records” for a “proper purpose” under Section 220 of the Delaware ...
Law

Delaware Supreme Court Affirms Decision Considering Post-Demand Evidence in Stockholder’s Books and Records Action

The Delaware Supreme Court held that the Court of Chancery did not err in considering post-demand evidence and information reported from confidential sources. In Paramount Global v. State of Rhode ...
Finance & Commerce

Delaware’s New Definition of “Books and Records” May Limit Shareholder Access to Corporate Books and Records

When it comes to shareholder litigation, one of the first signs that litigation may be imminent comes in the form of a “books and records” request. A books and records request is a request, made by or ...
Business Wire

Citizens for Judicial Fairness Celebrates Introduction of Wheelspin in Delaware’s Chancery Court, a Historic Win for Chancery Reform Advocates

WILMINGTON, Del.--(BUSINESS WIRE)--Today, following the announcement that Delaware’s Court of Chancery will introduce randomized, automated case assignments – or “wheelspin” – effective September 15, ...