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: Delaware Business Litigation ReportCourt of Chancery Denies Redundant Inspection
By Morris James LLP
Repeated books and records demands by different stockholders should be viewed favorably. When, as here, a special litigation committee (SLC) has reviewed the conduct sought to be investigated by the plaintiff, and the independence and diligence of the SLC cannot be fairly questioned, then a stockholder who demands inspection may receive the SLC report and some backup materials, but no more absent a stronger showing of real justification to think the SLC did not do its job.
Full post as published by Delaware Business Litigation Report on February 12, 2009 (boomark / email).
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