Seinfeld v. Verizon Communications, Inc.
Delaware Supreme Court
909 A.2d 117 (2006)
- Written by DeAnna Swearingen, LLM
Facts
Frank D. Seinfeld (plaintiff) is a beneficial owner of stock in Verizon Communications, Inc. (Verizon) (defendant). Seinfeld sued in the Court of Chancery to compel Verizon to allow inspection of books and records on the basis of possible corporate mismanagement and waste stemming from the compensation packages of three executives. Seinfeld could provide no evidence of any wrongdoing. The court concluded that Seinfeld had not met his burden of showing a proper purpose for demanding inspection and granted summary judgment in favor of Verizon. Seinfeld appealed to the Delaware Supreme Court.
Rule of Law
Issue
Holding and Reasoning (Holland, J.)
What to do next…
Here's why 811,000 law students have relied on our case briefs:
- Written by law professors and practitioners, not other law students. 46,300 briefs, keyed to 988 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.