Effective January 1, 2007, the Chancery Court has amended the following Chancery Court Rules:
23, 23.1, 23.2 and 5(g) relating to class actions, shareholder derivative suits and documents filed under seal. The full text of the amendments to the rules can be accessed here.
The foregoing rules relating to representative suits will now require the plaintiff to file an affidavit to certify certain matters as being true. Rule 5(g) is amended to clarify that if the case is not appealed, then after 30 days, unless affirmative action is taken and the court approves, documents will not remain under seal in the court’s records.