The Delaware Court of Chancery has limited a Section 220 request filed by stockholders of a cash transfer technology corporation, denying their access to the company's contracts with third parties and detailed accounts payable and receivable records. However, the court noted that there was enough evidence of self-dealing to grant the stockholders access to documents detailing the CEO's transfer of the mortgages on his family home to the company as well as borrowing money from the struggling company.
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Chancery Limits Section 220 Request to Documents Related to Insider Transactions
Delaware Business Court Insider
February 27, 2013
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