Kt4 Partners LLC, Plaintiff Below, Appellant v. Palantir Technologies Inc., Defendant Below, Appellee.

Summary

The Supreme Court of Delaware affirmed in part, reversed in part, and remanded a Section 220 books-and-records dispute. It held that KT4's demand encompassed emails concerning amendments to Palantir's Investors' Rights Agreement and that those emails could be necessary to investigate suspected wrongdoing where Palantir appeared to conduct corporate business informally. It also held that the Court of Chancery abused its discretion by imposing an overly restrictive litigation-use condition that barred suit in the Superior Court and lacked a personal-jurisdiction safety valve.