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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

To embed, copy and paste the code into your website or blog: 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 sp...
United States Amerisourcebergen Corp Carrier Access Corp Boast Apparel Inc Gilead Sciences Inc Polygon Global Opportunities Master Fund

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