Central Laborers Pension Fund, Below v. News Corporation, Below

Summary

The Supreme Court of Delaware affirmed dismissal of the shareholder's inspection action because the inspection demand failed to include documentary evidence of beneficial stock ownership as required by the statutory procedure. The court held that this procedural defect was fatal and that the later submission of ownership evidence in litigation did not cure it because no new or amended demand was served. The court therefore did not decide whether the shareholder had a proper purpose for the inspection. No separate opinions were issued.