We have previously written on these pages about the long-running saga in the Delaware courts involving stockholders of Wal-Mart seeking books and records from the retail giant regarding an imbroglio with its Mexican subsidiary. Bottom line: They were ordered to produce some documents. Wal-Mart told the Court of Chancery recently that they produced all documents in compliance with the court’s order. According to the stockholders, however: not so. Now the Chancellor must decide who is correct.
Frank Reynolds of Thomson Reuters provides an excellent overview of the situation in a recent article. Yours truly is quoted but nonetheless Frank provides a helpful update on this saga.