Corporate

Recent Posts

“Dead Hand Proxy Puts” Garner Increased Stockholder Scrutiny In Delaware
Posted on 11 Jun 2015 by Robin Shea

by John Stigi , John Landry and Robin Achen A ruling last fall by the Delaware Chancery Court has prompted a wave of 8 Del. C. § 220 [ an annotated version of this statute is available to lexis.com subscribers ] books and records inspection demands... Read More

Delaware Court of Chancery Denies Stockholder Demand for Section 220 Records
Posted on 13 Mar 2015 by Francis G.X. Pileggi

Fuchs Family Trust v. Parker Drilling Company , C.A. No. 9986-VCN (Del. Ch. March 4, 2015) [ an enhanced version of this opinion is available to lexis.com subscribers ]. This opinion of the Delaware Court of Chancery analyzes a stockholder demand pursuant... Read More

Wal-Mart Saga Ends in Delaware; Plaintiff Loses Bid for More Section 220 Documents
Posted on 11 May 2015 by Francis G.X. Pileggi

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 it may still be the subject of second appeal... Read More

Section 220 Demand Granted for Investigation of Subsidiary
Posted on 29 Apr 2015 by Francis G.X. Pileggi

Oklahoma Firefighters’ Pension & Retirement System v. Citigroup, Inc ., C.A. No. 9587-ML (VCN) (Del. Ch. Apr. 24, 2015) [ an enhanced version of this opinion is available to lexis.com subscribers ]. This Delaware Court of Chancery opinion... Read More

“Dead Hand Proxy Puts” Garner Increased Stockholder Scrutiny In Delaware
Posted on 11 Jun 2015 by Sheppard Mullin

by John Stigi , John Landry and Robin Achen A ruling last fall by the Delaware Chancery Court has prompted a wave of 8 Del. C. § 220 [ an annotated version of this statute is available to lexis.com subscribers ] books and records inspection demands... Read More

Delaware Court of Chancery Dismisses Section 220 Suit Filed After Derivative Suit
Posted on 8 Dec 2011 by Francis G.X. Pileggi

Central Laborers Pension Fund v. News Corp. , C.A. No. 6287-VCN (Del. Ch. Nov. 30, 2011), read letter ruling here . In this case involving a request for books and records under DGCL Section 220, the Court dismissed the suit as duplicative of a parallel... Read More