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72 Vand. L. Rev. En Banc 1 (2018-2019)

handle is hein.journals/valewenb72 and id is 1 raw text is: DELAWARE CORPORATE LAW BULLETIN Chancery Court Declines to Apply Corwin to Foreclose a Books and Records Inspection Under DGCL §220 Robert S. Reder* Dylan M. Keegan** Determines, as a matter of law, that Corwin should not preclude a stockholder's use of the 'tools as hand' to gather information before filing complaints INTRODUCTION ...................................... 2 I FACTUAL BACKGROUND .......... ............... 3 A. West's Business ...........3........... 3 B. West's Major Stockholders and Board... ........... 3 C. Strategic Alternatives and Bidder Selection ............... 4 D. Lavin's Section 220 Demand ................... 5 II. VICE CHANCELLOR SLIGHTS' ANALYSIS . ........... 5 A. The Section 220 Standard ..................... 6 B. Corwin in the Section 220 Context .. ............... 7 C. Lavin's Proper Purposes Under Section 220...... 8 1. Inference of Wrongdoing ................. 8 2. Director Independence .................. 9 D. Scope of Books and Records Production ..... ...... 9 CONCLUSION .................9..... .................9 1

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