The Delaware Court of Chancery, in Deborah Pettry, et al. v. Gilead Sciences, Inc., C.A. No. 2020-0132-KSJM, memo. op. (Del. Ch. Nov. 24, 2020), in a books and records action under 8 Del. C. § 220, entered judgment in stockholder plaintiffs’ favor, finding defendant company’s defenses, described as “over-aggressive,” as baseless, and invited plaintiffs to move for an award of attorneys’ fees and expenses incurred in seeking inspection.
NEW: Morris James discusses the decision in Chancery Grants Leave to Move for Fees for Overly Aggressive Books and Records Defenses.
Keith Bishop discusses the decision in Fee Shifting May Be New To Delaware, But It’s Old Hat In California.
Goodwin discusses the decision in Delaware Court of Chancery Rules Against Gilead in Books and Records Action.
Appraisal Rights Litigation Blog discusses the decision in Del. Chancery Admonishes Issuer Over Attempts to Block Shareholders’ Access to Books and Records.
Cleary Gottlieb discusses the decision in Fee-Shifting – A Potential New Tool In Stockholders’ Toolbox When Seeking Books And Records.
Francis Pileggi discusses the decision in Chancery Provides Refreshing Section 220 Guidance.
$$$ Law360 discusses the decision in Chancery Slams Gilead Stonewalling Over Records Demands.