A former stockholder in Monster Worldwide Inc. lost standing to inspect corporate books and records, when the job-search service was acquired by a global human resources firm, the Delaware Court of Chancery ruled Monday.
March 01, 2017 at 02:00 PM
1 minute read
A former stockholder in Monster Worldwide Inc. lost standing to inspect corporate books and records, when the job-search service was acquired by a global human resources firm, the Delaware Court of Chancery ruled Monday.
On a matter that “appears to be of first impression,” Vice Chancellor Sam Glasscock III said an investor who loses his stock in a merger cannot then bring a post-closing books-and-records suit under Section 220 of the Delaware General Corporation Law.
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