Securities,
Mergers & Acquisitions,
Corporate
Oct. 7, 2016
Ruling doesn't alter a director's access to books and records
A recent decision by the Delaware Court of Chancery reinforces principles that often arise in the context of demands for books and records and supports a corporation's attempt to deny certain books and records demands.
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 Bizzari v. Suburban Waste Services, Inc., the Delaware Court of Chancery denied, in part, the demand to inspect the books and records of a corporation by a person in his capacity as a stockholder and director of the corporation, due to the desire of the stockholder and director to harm and compete with the corporation using the information obtained from the corporation.
In 2013, after suffering operat...
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