Statute
Section 220
26 published works
Delaware Corporate & Commercial Litigation Blog
Wal-Mart Saga Ends in Delaware; Plaintiff Loses Bid for More Section 220 Documents
As Frank Reynolds of Thomson Reuters reports, the long-running effort of a stockholder to obtain additional documents from Wal-Mart in a Section 220 proceeding appears to have reached a conclusion, though…
Delaware Chancery Law Blog
Section 220: Court Orders Citigroup to Produce Records of its Subsidiary (Master’s Final Report Adopted by Court)
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 of…
Delaware Chancery Law Blog
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,…
Delaware Chancery Law Blog
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 Section…
Delaware Chancery Law Blog
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 to state a…
Delaware Chancery Law Blog
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 of the…
Delaware Corporate & Commercial Litigation Blog
Court Refuses to Dismiss Caremark Claims; Touts Benefits of Pre-Complaint Section 220 Books and Records Action in Demand Futility Analysis
In Re China Agritech, Inc. Shareholder Derivative Litigation, C.A. No. 7163-VCL (Del. Ch. May 21, 2013). Issue Addressed: Whether a complaint that fails to plead that demand was made on…
D&O Discourse
Delaware Supreme Court’s Decision in Allergan Won’t Fix the Problem of Multi-Jurisdictional Shareholder Litigation
By Doug Greene
On April 4, 2013, in the Allergan decision, the Delaware Supreme Court reversed the Court of Chancery’s ruling last year that the dismissal of a shareholder derivative action in California did…
Delaware Corporate & Commercial Litigation Blog
Chancery Recognizes Right to Appoint Receiver of Solvent Corp.
Zutrau v. Jansing, C.A. No. 7457-VCP (Del. Ch. Mar. 18, 2013). Issues addressed in this Court of Chancery opinion: (1) The right to have a receiver appointed for a solvent…
Delaware Corporate & Commercial Litigation Blog
Chancery Finds Inadequate Representation by Derivative Plaintiff; Dismisses Complaint with Prejudice
South v. Baker, C.A. No. 7294-VCL (Del. Ch. Sept. 25, 2012). Issues Addressed: This decision is a candidate for inclusion in the pantheon of iconic Delaware Court of Chancery opinions…