United States: 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 Dema

United States: 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 Dema

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Last week, the Delaware Supreme Court issued an important decision effectively broadening the scope of stockholder pre-litigation inspection rights.

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