Shareholder Inspection Rights – Another Nevada “Advantage”?

Thanks to Kevin LaCroix’s The D&O Diary, I was alerted to a recent article by Boris Feldman, a member of Wilson Sonsini Goodrich & Rosati, P.C., in Palo Alto, California discussing developments in class action and other shareholder litigation. Among other things, Boris notes that litigation under Delaware’s stockholder inspection statute, Section 220, has “caught fire” in the last year. He attributes this phenomenon to a variety of factors, including the encouragement of the Delaware Court of Chancery. The article was published in The Review of Securities & Commodities Regulation (Jan. 11, 2012).

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Published In: Business Organization Updates, Civil Procedure Updates, Civil Remedies Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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