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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 inspection demand.
In the decision of Badr Abdelhameed Dhia Jafar v. Vatican Challenge 2017 LLC, C.A. No. 2020-0151-SG, 2022 WL 365142 (Del. Ch. Feb. 8, 2022) (Letter Op.),...