Delaware Supreme Court Clarifies Section 220’s ‘Proper Purpose’ Test
December 17, 2020
Last week, the Delaware Supreme Court affirmed the Delaware Court of Chancery’s decision in Lebanon Cnty. Emps. Ret. Fund v. AmerisourceBergen Corp., a closely watched appeal in which the court clarified the circumstances in which stockholders are entitled to demand books and records to investigate allegations of mismanagement pursuant to Section 220 of the Delaware General Corporation Law.
Click here, to continue reading on the Cleary M&A and Corporate Governance Watch blog.