Legal Opinion
Carapico v. Philadelphia Stock Exchange, Inc.
Court of Chancery of Delaware
Decided September 27, 2000No. Civil Action 16764PublishedCited by 24 opinions
1Opinion of the Court
OPINION
LAMB, Vice Chancellor.
I. INTRODUCTION
Joseph Carapico, an owner of two seats on the Philadelphia Stock Exchange (“Exchange” or “PHLX”), brought this action under 8 Del. C. § 220 after the Exchange, a Delaware nonstock membership corporation, refused Carapico’s October 20, 1998 demand for inspection of its books and records. 1 Plaintiffs § 220 request stems from events surrounding inquiries brought by the United States Securities and Exchange Commission into the Exchange’s practices. The SEC’s inquiry resulted in the imposition of sanctions and limitations on the business practices of…
2Cases cited4 opinions
- Security First Corp. v. U.S. Die Casting & Development Co.Supreme Court of Delaware · 1997
- Thomas & Betts Corp. v. Leviton Manufacturing Co.Supreme Court of Delaware · 1996
- Skouras v. Admiralty Enterprises, Inc.Court of Chancery of Delaware · 1978
- BBC Acquisition Corp. v. Durr-Fillauer Medical, Inc.Court of Chancery of Delaware · 1992
3Cited by24 opinions
- Amalgamated Bank v. Yahoo! Inc.Court of Chancery of Delaware · 2016
- Seinfeld v. Verizon Communications, Inc.Supreme Court of Delaware · 2006
- Highland Select Equity Fund, L.P. v. Motient Corp.Court of Chancery of Delaware · 2006
- Danziger v. LuseOhio Supreme Court · 2004
- Lang v. Western Providers Physician Organization, Inc.South Dakota Supreme Court · 2004
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