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R. Eric Hacker,left, and Lewis H. Lazarus, right, of Morris James. Courtesy Photos R. Eric Hacker,left, and Lewis H. Lazarus, right, of Morris James. Courtesy Photos

Section 220 of the DGCL enables a stockholder to obtain limited corporate information if they can state a proper purpose. Although in theory straightforward, Section 220 has spawned a “sprawling … jurisprudence” as stockholders test the breadth of their demands and correspondingly, corporations test the bounds of their defenses. See Wilkinson v. A. Schulman, C.A. No. 2017-0138-VCL, slip op. at 3 (Del. Ch. Nov. 13, 2017). Recently, Gross v. Biogen, C.A. No. 2020-0096-PAF (Del. Ch. Apr. 14, 2021) presented the Delaware Court of Chancery with the question of how heavily may a stockholder rely upon counsel in seeking corporate books and records under Section 220?

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