1. Occidental Petroleum

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    2. Delaware Court of Chancery Holds that a Stockholder’s Disagreement with a Board’s Business Judgment and Intent to Pursue a Proxy Contest is Not a “Proper Purpose” for a Section 220 Demand

      Delaware Court of Chancery Holds that a Stockholder’s Disagreement with a Board’s Business Judgment and Intent to Pursue a Proxy Contest is Not a “Proper Purpose” for a Section 220 Demand
      ...a proxy contest,” this decision clarifies what had been a “murky” legal landscape under Section 220. In 2019, Occidental Petroleum Corporation (“Occidental”), a Delaware corporation with large petroleum and chemicals ope...
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