Books and Records Actions

Practices

When a shareholder or limited partner suspects that his company or partnership has been mismanaged or that a breach of fiduciary duty has occurred, he is often entitled to inspect the company’s or partnership’s books and records in order to obtain information to support his suspicions. The right to inspect books and records is a statutory right in certain states, such as Delaware, or a contractual right. Books and records actions, which are often brought in Delaware Chancery Court, are frequently a first step in a derivative action and can result in a trial.

The Grant Law Firm has experience in bringing books and records actions, including drafting the proper books and records demand letter necessary to start the process, and successfully trying books and records actions.

If you or a client is aware of mismanagement and would like to discuss the value of bringing a books and records action, please contact lgrant@grantfirm.com or complete the Contact Us form on this website.