Supreme Court of Delaware
Parkcentral Global, L.p., Defendant Below, Appellant v. Brown Investment Management, L.p., Plaintiff Below, Appellee
August 12, 20102010 Del. LEXIS 387
Summary
The Supreme Court of Delaware affirmed the order requiring Parkcentral to provide Brown with the names and addresses of its limited partners. The court held that Brown satisfied the Partnership Agreement's demand requirements, that unilateral privacy notices could not eliminate the contractual inspection right, and that federal privacy regulations neither preempted Delaware law nor treated limited partners as unaffiliated third parties. The court also held that Parkcentral failed to establish either a good-faith basis for withholding the list or an agreement with a third party requiring confidentiality.