Mergers & Acquisitions,
Corporate
Mar. 17, 2017
Clarity on the right to inspect books
A recent decision out of Delaware provides clarity stockholders of a company contemplating a merger.
Marc Boiron
Associate
Rutan & Tucker LLP
Email: mboiron@rutan.com
Marc focuses his practice on transactional matters involving emerging and mid-market companies in the areas of California and Delaware corporate laws.
TRANSACTIONS WITH BOIRON
In Weingarten v. Monster Worldwide, Inc., the Delaware Court of Chancery dismissed a complaint seeking corporate records under Section 220 of the General Corporation Law of the State of Delaware for lack of standing. Specifically, Joe Weingarten was not, as Section 220 requires, a stockholder at the time he filed the complaint.
On Aug. 8, 2016, Monster entered into a merger agreement, pursuant to which M...
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