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Delaware Supreme Court requires credible evidence of a "proper purpose" to review a corporation's books and records

  • Sheppard Mullin Richter & Hampton LLP
  • -
  • USA
  • -
  • October 22 2010

In City of Westland Police & Fire Retirement System v. Axcelis Technologies, Inc., 1 A.3d 281 (Del. 2010), the Delaware Supreme Court affirmed the dismissal of an action brought under Section 220 of the Delaware General Corporation Law, 8 Del. Code 220, to review books and records of a corporation