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A recent decision by the Delaware Court of Chancery, Mehta v. Kaazing, C.A. No. 2017-0087-JRS (Del. Ch. Sept. 29), confirms that stockholder demands to inspect corporate books and records based on the need to value a stockholder's shares may be validly denied if the stockholder is unable to demonstrate that it has a “present” need to value its shares. Indeed, as the court makes clear, simply reciting a proper purpose, such as valuing one's shares or investigating mismanagement, is not enough.
October 11, 2017 at 10:05 AM
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Law firms & in-house legal departments with a presence in the middle east celebrate outstanding achievement within the profession.
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The Legal Intelligencer honors lawyers leaving a mark on the legal community in Pennsylvania and Delaware.
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