WebFeb 15, 2024 · Books and records demands clogging Chancery docket Focus on scope of records could help, McCormick says The top judge for Delaware’s Chancery Court is calling for a greater focus on the scope of board documents that shareholder plaintiffs can seek in pursuing fiduciary duty breach suits. WebOriginally designed as a printed guide to the collection, the project evolved into an electronic finding aid for the entire collection of the Delaware Public Archives. In its current state, …
Online Guide to the Collections - State of Delaware
In a significant shift, the Delaware Supreme Court said in December 2024 that companies cannot resist a records demand on the ground that the alleged mismanagement or wrongdoing could not, if raised in a subsequent complaint, withstand a motion to dismiss. And a stockholder does not have … See more Section 220 of the Delaware General Corporation Law allows stockholders to access to corporate books and records for a “proper purpose” ― most commonly to “investigate … See more Generally, not. Delaware courts have recently expressed frustration with overly aggressive company responses to Section 220 demands. In a July 2024 ruling, where a company refused … See more No. Increasingly, the Delaware courts are open to giving stockholders access beyond formal board materials such as minutes and board decks, particularly when a company has … See more WebInspection of books and records. (a) As used in this section: (1) “Stockholder” means a holder of record of stock in a stock corporation, or a person who is the beneficial owner … hard drive windows 10 100%
Section 220 Decisions Amplify Stockholders’ Rights to …
WebMay 9, 2024 · Section 220 governs the “inspection of books and records” of Delaware corporations by stockholders and directors. The legal framework under Section 220 is … WebThe Court of Chancery may order books, records and other documents, pertinent extracts therefrom, or duly authenticated copies thereof, to be brought within the State of … WebApr 4, 2024 · Since stockholders of Delaware corporations have a qualified common law and statutory right to inspect the corporation’s books and records, a stockholder meets … changeable room