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- W4376271473 abstract "Cox and Thomas update their previously discussed Business Lawyer article in an addendum on recent developments in the tools at hand doctrine. They analyze a number of recent important decisions by the Delaware Supreme Court interpreting the requirements of section 220 of the Delaware corporate code. Overall, they find that recent litigation under the inspection statutes is focused on books and records requests and continues to show an effort by defendants to expand the scope of these cases. The Delaware Supreme Court has to a certain extent limited section 220 cases to try and ensure that they remain summary proceedings. The Chancery Court has been supportive of maintaining the summary nature section 220 also. In what is perhaps the most important of these cases is Pettry v. Gilead sciences, the Chancery Court invoked its punitive powers to shift to the defendant to plaintiffs’ attorneys’ fees incurred in the litigation. The tools at hand doctrine has spread outside of Delaware as well. Although this jurisprudence is not as developed as it is in Delaware, number of courts have applied the doctrine arguing that shareholder inspection rights should be broadly construed and that pre-filing inspection demands should improve the quality of derivative and class action litigation. The most common use of the doctrine occurs during case consolidation proceedings where plaintiffs are competing for lead plaintiff status and one group touts their use of the tools at hand doctrine as evidence that they are best suited for the role. A related type of case occurs when a group of intervener plaintiffs argue that their use of the inspection statute qualifies them to unseat a group of plaintiffs whose earlier filed complaint was drafted without the benefit of an inspection using the tools at hand." @default.
- W4376271473 created "2023-05-13" @default.
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- W4376271473 date "2023-05-04" @default.
- W4376271473 modified "2023-10-01" @default.
- W4376271473 title "Addendum: recent developments in the tools at hand doctrine" @default.
- W4376271473 doi "https://doi.org/10.4337/9781800377745.00019" @default.
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