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Sculptor Responds to Daniel S. Och's Section 220 Demand for Inspection

Sculptor Responds to Daniel S. Och's Section 220 Demand for Inspection
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Sculptor Responds to Daniel S. Och's Section 220 Demand for Inspection | Region

NEW YORK (BUSINESS WIRE) Aug 29, 2023 ....

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The Corporate Guide: Stockholders Demanding Corporate Records? What You Should Know | Faegre Drinker Biddle & Reath LLP

What is a books and records demand? Under Delaware General Corporation Law Section 220, stockholders have the right to inspect corporate records. Strict compliance with. ....

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Delaware Supreme Court Holds That Stockholders Need Ordinarily Only Identify a 'Credible Basis' for Possible Wrongdoing, Not 'Actionable Misconduct,' to Establish a 'Proper Purpose' for a Section 220 Books and Records Demand | Kramer Levin Naftalis & Frankel LLP

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Last week, the Delaware Supreme Court issued an important decision effectively broadening the scope of stockholder pre-litigation inspection rights.
In January 2020, the Court of Chancery held in
Lebanon County Employees’ Retirement Fund v. AmerisourceBergen Corp. that demanding stockholders had established a proper purpose under Section 220 of the Delaware GCL to inspect AmerisourceBergen’s books and records and ordered,
sua sponte, a 30(b)(6) deposition to enable the plaintiffs to identify the types and custodians of documents to which they may be entitled.
[1] Vice Chancellor Laster’s decision is covered at length in a prior alert. ....

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