The Defendant, International Paper Company ("IPC") filed an application for leave to file under seal a settlement agreement between Plaintiff and IPC's codefendants and portions of IPC's motion to dismiss that quoted the settlement agreement.
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In a recent opinion, the Delaware Supreme Court (the Court)
eased the burden on stockholders of Delaware corporations seeking
access to a corporation s books and records under Section 220
of the Delaware General Corporation Law (DGCL).
In
AmerisourceBergen Corporation v. Lebanon County
Employees Retirement Fund, 243 A.3d 417 (2020), the
Delaware Supreme Court affirmed a Delaware Court of Chancery
decision holding that (1) to state a proper purpose under Section
220, the plaintiff need not identify the particular course of
action the stockholder will take with the information gathered if