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(Download) "Thomas & Betts Corporation v. Leviton" by Supreme Court of Delaware # Book PDF Kindle ePub Free

Thomas & Betts Corporation v. Leviton

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eBook details

  • Title: Thomas & Betts Corporation v. Leviton
  • Author : Supreme Court of Delaware
  • Release Date : January 02, 1996
  • Genre: Law,Books,Professional & Technical,
  • Pages : * pages
  • Size : 68 KB

Description

VEASEY, Chief Justice: In this appeal we affirm the order of the Court of Chancery denying in part and limiting a stockholder's entitlement to inspection of books and records. In doing so, we rest our decision on the fact that the trial court's determination of the stockholder's failure to show a proper purpose turned on legal and credibility assessments well within the proper burden placed on a stockholder seeking an inspection. Such a stockholder has the burden of showing, by a preponderance of the evidence, a proper purpose entitling the stockholder to an inspection of every item sought. Here, the Court of Chancery overstated the burden on the stockholder as a ""greater-than-normal evidentiary burden."" The burden on the stockholder is a normal burden and this stockholder failed to adduce sufficient evidence to meet that burden.


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