LexisNexis® Legal Newsroom
Chancery Rejects Books and Records Demand under DGCL Section 220

Graulich v. Dell, Inc . (Del. Ch. May 16, 2011). What this case is about: This Court of Chancery opinion involved a demand by a shareholder for books and records of Dell, Inc. for the ostensible purpose of enabling him to investigate possible mismanagement. Further summary and commentary follows...

Chancery Denies Motion to Compel Supplemental Section 220 Production Due to Post-Trial Developments

Amalgamated Bank v. NetApp, Inc., C.A. No. 6772-VCG (Del. Ch. Feb. 6, 2012). Issue Addressed Whether supplement documents should be produced to comply with post-trial determination pursuant to DGCL Section 220 that books and records must be provided. Background In October 2010, the plaintiff...

Court of Chancery Appoints Receiver as Remedy for Contempt in Books and Records Action

Jagodzinski v. Silicon Valley Innovation Company LLC , C.A. No. 6203-VCP (Del. Ch. Feb. 14, 2012). Issue Addressed The issue addressed in this case was whether the Court of Chancery should grant a Motion for Contempt and for the Appointment of a Receiver in connection with a failure to comply...

Delaware Court of Chancery Interprets Proper Purpose for DGCL Section 220 Demand

Caspian Select Credit Master Fund Ltd. v. Key Plastics Corp . , C.A. No. 8624-VCN (Del. Ch. Feb. 24, 2014) [ an enhanced version of this opinion is available to lexis.com subscribers ]. Practical Insights on Decision : This Chancery opinion is one of many examples highlighted on these pages over the...

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 it may still be the subject of second appeal. Frank Reynolds reports that the Court of Chancery...

“Dead Hand Proxy Puts” Garner Increased Stockholder Scrutiny In Delaware

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 on (and threatened litigation against) Delaware...