Quimbee logo
DMCA.com Protection Status
From our private database of 18,800+ case briefs...

Lebanon County Employees’ Retirement Fund v. AmerisourceBergen Corporation

Delaware Court of Chancery
2020 WL 132752 (2020)


Facts

Lebanon County Employees’ Retirement Fund and a health plan (plaintiffs) owned stock in AmerisourceBergen Corporation (defendant), one of the world’s largest opioid-medication distributors. The opioid epidemic prompted a flood of lawsuits against AmerisourceBergen and other distributors. Congressional investigations found AmerisourceBergen failed to address suspicious opioid orders and sold to rogue pharmacies that diverted drugs into illegitimate channels. Shareholders began investigating whether AmerisourceBergen engaged in wrongdoing, and they sought to inspect its books and records. The request specified its purpose was to investigate possible fiduciary breaches, mismanagement, and legal violations by the board connected to opioids; consider remedies to be sought; evaluate board-member independence and disinterestedness; and evaluate possible litigation or corrective measures. The request asked for documents prepared, disseminated, considered, or discussed in anticipation of, during, or as a result of board or committee meetings. AmerisourceBergen rejected the request as lacking a proper purpose and overly broad, prompting the shareholders to bring a books-and-records action.

Rule of Law

Issue

Holding and Reasoning (Laster, J.)

What to do next…

  1. Unlock this case brief with a free (no-commitment) trial membership of Quimbee.

    You’ll be in good company: Quimbee is one of the most widely used and trusted sites for law students, serving more than 498,000 law students since 2011. Some law schools—such as Yale, Vanderbilt, Berkeley, and the University of Illinois—even subscribe directly to Quimbee for all their law students. Read our student testimonials.

  2. Learn more about Quimbee’s unique (and proven) approach to achieving great grades at law school.

    Quimbee is a company hell-bent on one thing: helping you get an “A” in every course you take in law school, so you can graduate at the top of your class and get a high-paying law job. We’re not just a study aid for law students; we’re the study aid for law students. Read more about Quimbee.

Here's why 498,000 law students have relied on our case briefs:

  • Written by law professors and practitioners, not other law students. 18,800 briefs, keyed to 985 casebooks. Top-notch customer support.
  • The right amount of information, includes the facts, issues, rule of law, holding and reasoning, and any concurrences and dissents.
  • Access in your classes, works on your mobile and tablet. Massive library of related video lessons and high quality multiple-choice questions.
  • Easy to use, uniform format for every case brief. Written in plain English, not in legalese. Our briefs summarize and simplify; they don’t just repeat the court’s language.

Questions & Answers


Have a question about this case?

Sign up for a free 7-day trial and ask it

Sign up for a FREE 7-day trial