The Delaware Court of Chancery, in Paraflon Investments, Ltd. v. Linkable Networks, Inc., C.A. No. 2017-0611-JRS, memo. op. (Del. Ch. Apr. 3, 2020), found plaintiff was not entitled to inspection of books and records not requested in its demand letter.
NEW: Morris James discusses the decision in In a Books and Records Action, Court Critiques Defendant’s Motion to Dismiss, and Declines to Order Inspection of Documents Not Requested in the Plaintiff’s Demand.
K&L Gates discusses the decision in Plaintiff Entitled to Inspect Additional Documents Where Proper Purpose Demonstrated as to Mismanagement and Wrongdoing.
Francis Pileggi discusses the decision in Chancery Grants Section 220 Request Post-Trial.