Corporate Partner Marty Lessner Quoted in BNA Bloomberg Law Article, Books and Records Disputes Getting Longer, More Complex
Corporate Partner Marty Lessner contributed to Michael Greene's recent BNA Bloomberg Law article entitled, "Books and Records Disputes Getting Longer, More Complex."
The premise of Mr. Greene's article states that legal battles involving the production of internal documents have been taking almost a year. While these proceedings are costing both plaintiffs and defendants, shareholder plaintiffs are being especially hurt by the delay.
Mr. Lessner noted that "[b]ooks and records lawsuits seeking to investigate misconduct for a potential derivative action are more complicated cases" and that the Court of Chancery is "sensitive to litigants' needs." Mr. Lessner also explained that "books and records cases act as a filter to ensure that only meritorious derivative actions are later filed, that can be better for defendant corporations."
To read the complete article, CLICK HERE.