Skouras v. Admiralty Enterprises, Inc.

MARVEL, Chancellor:

Plaintiff Plato A. Skouras, the holder of 2,871 shares of stock of the defendant Admiralty Enterprises, Inc., representing an interest of between four and five percent in said corporation’s common stock, 1 seeks an order of this Court granting him the right to inspect certain books and records of Admiralty as well as the books of such corporation’s affiliates pursuant to the provisions of 8 Del.C. Section 220.

The stated purpose of the desired inspection, as set forth in plaintiff’s notice of demand, is to enable plaintiff to seek to substantiate his fears of the existence…