City of Westland Police & Fire Retirement System v. Axcelis Technologies, Inc.

JACOBS, Justice:

Westland Police & Eire Retirement System (“Westland”), the plaintiff below-appellant, brought this action under Section 220 of the Delaware General Corporation Law to review books and records of the defendant below-appellee, Axcelis Technologies, Inc. (“Axcelis” or “the Company”). 1 The Court of Chancery held that Westland had not met its evidentiary burden to demonstrate a “proper purpose” for inspecting Axcelis’ records. On appeal, Westland claims that the Court of Chancery improperly applied the well-established standard that requires a stockholder seeking inspection under…