Case Law Summaries

Delaware – Inspection of Books and Records

DelawareKT4 Partners LLC v. Palantir Technologies Inc., No. 281, 2018, decided January 29, 2019. The Delaware Supreme Court ruled that a shareholder was entitled to inspect emails where they were necessary to satisfy a request under Sec. 220 of the General Corporation Law. The evidence showed that the corporation conducted formal corporate business largely through informal electronic communications and that more traditional materials such as board resolutions or minutes did not exist. The court also ruled that the Chancery Court erred in limiting the shareholder’s use of the materials it was entitled to inspect to litigation brought in the Delaware Chancery Court.

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