Delaware Courts Expand Plaintiffs’ Rights in Section 220 Cases

The rise in Section 220 demands (and related lawsuits) has resulted in several recent opinions that continue a trend in favor of greater access for stockholders to corporate books and records. These decisions, which are analyzed below, will likely impact how companies respond to Section 220 demands, the types of defenses that can be raised in response to a Section 220 lawsuit, and how companies maintain their books and records....
By: Skadden, Arps, Slate, Meagher & Flom LLP

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