Affirmed broad shareholder inspection rights in multiple Section 220 trials against major corporations
Plaintiff(s):
Shareholders seeking books-and-records access
Case type / claims:
Section 220 inspection actions
Defendant(s):
Walmart, HealthSouth, UnitedHealth Group, Citigroup
Jurisdiction:
Delaware Chancery Court; Delaware Supreme Court
Outcome:
- Section 220 trial won against Walmart, securing shareholders’ right to inspect internal books and records to investigate possible fiduciary-duty breaches.
- Achieved a watershed affirmance by the Delaware Supreme Court confirming the broad scope of documents available for inspection under Section 220 in appropriate circumstances.
- G&E won three other Section 220 trials against HealthSouth, UnitedHealth Group and Citigroup.
