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RAINBOW NAV. v. PAN OCEAN NAV.

535 A.2d 1357 (1987)

RAINBOW NAVIGATION, INC., a Delaware Corporation, Defendant Below, Appellant, v. PAN OCEAN NAVIGATION, INC., a Nevada Corporation, Plaintiff Below, Appellee.

Supreme Court of Delaware.

Decided: November 30, 1987.

Attorney(s) appearing for the Case

Theodore W. Rosenak (argued), and Jayme I. Rizzolo, of Zuckert, Scoutt, Rasenberger & Johnson, Washington, D.C., John H. Benge, Jr., of Allmond, Eastburn & Benge, Wilmington, on behalf of appellant.

Richard S. Simon (argued), and William P. Frank, of Skadden, Arps, Slate, Meagher & Flom, New York City, Edward P. Welch, Andrew J. Turezyn, and Kevin F. Brady, of Skadden, Arps, Slate, Meagher & Flom, Wilmington, on behalf of appellee.

Before MOORE, WALSH and HOLLAND, JJ.

HOLLAND, Justice:

This appeal involves an action by Pan Ocean Navigation, Inc. ("Pan Ocean") for an order permitting it to inspect the books and records of Rainbow Navigation, Inc. ("Rainbow") pursuant to 8 Del.C. § 220. Any stockholder, "upon written demand under oath stating the purpose thereof," has the right to inspect the corporation's books and records. Id. § 220(b). However, as used in Section...

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