A Cautionary Lesson for Boards When Faced With Shareholder Demands for Books and Records

In this article published in New York Law Journal, Jeffrey Lang and Colin Bridge provide an in-depth discussion of Ontario Provincial Council of Carpenters’ Pension Trust Fund v. Walton, where the Delaware Court of Chancery provided a cautionary lesson for corporate boards and their counsel on the risks of sharply limiting the scope of responses to shareholder demands for information.