For Your Data Thomas & Betts Company V. Leviton Manufacturing Co., Inc. Illustration Brief

Thomas & Betts Corporation v. Leviton Manufacturing Co., Inc. example brief summary
681 A.2d 1026 (1996)

CASE SYNOPSIS

Plaintiff stockholder, a corporation, sought review of an society of the Court of Chancery of the State of Delaware inward in addition to for New Castle County, which granted inward business office in addition to denied inward business office its asking for inspection of sure enough books in addition to records of accused company.

CASE FACTS
The stockholder purchased a 29.1 portion involvement inward the companionship inward society to forcefulness a sale of the companionship to the stockholder. The stockholder in addition to therefore filed an activity seeking to compel inspection of the company's books in addition to records pursuant to Del. Code Ann. tit. 8, § 220. The lawsuit courtroom denied the asking inward business office in addition to express the stockholder's entitlement to inspection of books in addition to records in addition to the stockholder sought review.

DISCUSSION

• The courtroom affirmed because, based upon legal in addition to credibility assessments, the stockholder failed to supply specific in addition to credible testify sufficient to warrant a suspicion of waste matter in addition to mismanagement, in addition to therefore failed to satisfy its burden of showing a proper utilisation for inspection. 
• The stockholder's original utilisation for inspection was to farther its plans for acquiring the company, which was antithetical to the interests of the corporation.

CONCLUSION
The society of the lawsuit courtroom was affirmed.


Recommended Supplements for Corporations in addition to Business Associations Law

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