Publication Date: 2025-02-11
Practice Area: Corporate Governance
Industry: Investments and Investment Advisory | State and Local Government | Technology Media and Telecom
Court: Court of Chancery
Judge: Vice Chancellor Laster
Attorneys: For plaintiff: Michael Hanrahan, Corinne Elise Amato, Eric J. Juray, Stacey A. Greenspan, Jason W. Rigby, Seth T. Ford, Prickett, Jones & Elliott, P.A., Wilmington, DE; Lee D. Rudy, Eric L. Zagar, Grant D. Goodhart, Cameron N. Campbell, Michael W. McCutcheon, Kessler Topaz Meltzer & Check, LLP, Radnor, PA for plaintiff.
for defendant: Jon E. Abramczyk, D. McKinley Measley, Alexandra M. Cumings, Louis F. Masi, Morris, Nichols, Arsht & Tunnell LLP, Wilmington, DE; Jonathan K. Youngwood, Meredith Karp, Simpson Thacher & Bartlett LLP, New York, NY for defendant.
Case Number: 2024-0457-SEM
Stockholder established proper purpose for books and records inspection by articulating scenarios constituting breaches of loyalty by presenting news articles based on internal confidential sources that exhibited indicia of reliability.