The Delaware Court of Chancery, in SolarReserve CSP Holdings, LLC v. Tonopah Solar Energy, LLC, C.A. No. 2020-0064-JRS, memo. op. (Del. Ch. July 24, 2020) — and action seeking inspection of an LLC’s books and records — finds plaintiff that assigned potential claims to a third party is not a real party in interest, and the assignee may not be substituted as plaintiff because plaintiff could not assign its information rights
NEW: K&L Gates discusses the decision in Chancery Court Denies Assignor’s Inspection Demand Under Real Party In Interest Rule, Prohibits Substitute Plaintiff.
$$$ Law360 discusses the decision in Chancery Says Former Solar Project Owner Can’t Get Records.