On December 29, 2017, the Delaware Court of Chancery declined to extend the ruling in Corwin by finding that the approval of a merger by a vote of the disinterested stockholders does not act as an impediment to a properly supported demand for inspection of books and records under § 220 of the Delaware General Corporation Law. In Corwin, the Delaware Supreme Court clarified the long-standing principle that the business judgment rule standard of review (as opposed to more intrusive standards of judicial review) applies where a transaction is approved by a voluntary,...
'You're Not Fully Clean': § 220 Inspection Demands Under Corwin
|Author:||Mr George Casey|
|Profession:||Shearman & Sterling LLP|
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