Delaware Business Litigation Report

Court Of Chancery Permits Records Inspection Despite Dubious Claim

Oklahoma Firefighters Pension Retirement System v. Citigroup Inc., C.A. 9587-ML(VCN) (April 24, 2015)

While the test for books and records inspection to check on possible wrongdoing is very liberal, it is not without its limits. This decision permits inspection, if limited, even when the alleged wrongdoing is at the level of a subsidiary whose conduct might have reasonably escaped the attention of the parent board.

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