In a decision of apparent first impression in New York, an appellate panel last week upheld the common-law right of a shareholder to inspect the books and records of the corporation’s wholly-owned subsidiary. Get the full story in this week’s New York Business Divorce.
Continue Reading Ruling Upholds Shareholder’s Right to Inspect Subsidiary’s Books and Records

A decision last month by Justice Carolyn Demarest, in Novikov v. Oceana Holdings Corp., granted a minority shareholder’s books-and-records petition predicated on the need to investigate possible management misconduct. On the heels of a recent First Department case to similar effect, might this be the start of a trend? Find out more in this week’s New York Business Divorce.
Continue Reading Minority Shareholder’s Investigation of Management Misconduct is Proper Purpose for Books & Records Demand