United States: A Cautionary Lesson For Boards When Faced With Shareholder Demands For Books And Records - Cohen & Gresser

In it's April 26, 2023 opinion in Ontario Provincial Council of Carpenters' Pension Trust Fund v. Walton, the Delaware Court of Chancery provides a cautionary lesson for corporate boards and their counsel on the risks over sharply limiting the scope of responses to shareholder demands for information.