VeriFone Investor Can See Info Despite Suit: Del. Court

Law360, New York (January 31, 2011, 4:13 PM EST) -- Delaware's top court has ruled that a shareholder can have access to VeriFone Holdings Inc.'s books and records even though he had already filed a derivative complaint against the company, reversing a lower court's interpretation of the state's record review rule.

The Friday decision by an en banc panel of the Supreme Court of the State of Delaware overturned a bright-line rule barring shareholders from exercising their rights to inspect a company's records under Section 220 of the Delaware General Corporation Law if they have already...
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