A spike in lawsuits from investors demanding internal corporate documents has Delaware’s Chancery Court in triage mode.
The disputes have left the leading US forum for corporate cases deluged and distracted from more urgent matters, like litigation over deals set to close or imminent company meetings.
Records suits, which require only preliminary suspicions, are designed to resolve narrow disagreements over how to enforce a core shareholder right. But Delaware’s judges are spending significant chunks of time policing the process, as in recent fights over Amazon.com Inc’s antitrust woes, Boeing Co.'s safety scandals, and the $8 billion Paramount Global-Skydance ...