Compaq Computer Corp. v. Horton

MOORE, Justice.

This is a stocklist case arising under 8 Del.C. § 220(b) of our General Corporation Law. The issue is whether a shareholder states a proper purpose for inspection under our statute in seeking to solicit the participation of other shareholders in legitimate non-derivative litigation against the defendant corporation. The Court of Chancery found that the litigation concerned alleged corporate wrongdoing that affected the value of the plaintiff’s stock. Accordingly, the trial court concluded that plaintiff’s desire to contact other stockholders, and solicit their involvement in…