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The Delaware Supreme Court held yesterday that a stockholder seeking to inspect corporate books and records may use “reliable” hearsay to establish the propriety of the purpose of the...
The Delaware Supreme Court held yesterday that a stockholder seeking to inspect corporate books and records may use "reliable" hearsay to establish the propriety of the purpose of the inspection demand.
Delaware Supreme Court allows stockholders to use reliable hearsay to establish the purpose of inspection of corporate books and records in NVIDIA Corp. v. City of Westland Police and Fire Retirement System. The decision could direct attention to admissibility of hearsay.