"{In Delaware, Section 220 contemplates that corporations will promptly provide the requested information to stockholders and Delaware Courts will quickly resolve legal challenges. Complying with the requirements of Section 220, on May 2, 2011 Starr initiated its demand by serving a letter on CCME that stated under oath the purpose of the requested inspection—namely to investigate possible corporate mismanagement or wrongdoing by the present and/or former officers and directors of CCME.
By law, CCME had five (5) days to respond before Starr could seek to compel the inspection by way of a summary proceeding in the Delaware Court of Chancery.
CCME did not respond within the five day period and Starr filed its books and records action on May 13, 2011.
Based on prior actions, the proceeding in the Court of Chancery will likely be resolved in a matter of weeks to a couple months."
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Found this posted on YMB by ccmeatemealive
"When thinking stops, words slip in." Johann Wolfgang von Goethe
