Hatleigh Corp. v. Lane Bryant, Inc.
Court of Chancery of Delaware
1Opinion of the Court
HARTNETT, Vice Chancellor.
Plaintiff Hatleigh Corporation (“Hat-leigh”) filed a demand, pursuant to 8 Del.C. § 220, to inspect and copy a list of the stockholders of defendant Lane Bryant, Inc. —a Delaware corporation. Lane Bryant resisted the demand and this is my decision after trial in favor of Hatleigh.
I
Hatleigh is the record holder of 1,000 shares of common stock of Lane Bryant, Inc. and owns beneficially an additional 697,300 shares — or 15.3% — of the outstanding shares. On November 5,1980, acting on behalf of Hatleigh, Mr. Marshall Jacobs requested Lane Bryant, Inc. to provide…
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