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SCATTERED CORP. v. CHICAGO STOCK EXC.

Civil Action No. 13703.

671 A.2d 874 (1994)

SCATTERED CORPORATION, Plaintiff, v. CHICAGO STOCK EXCHANGE, INCORPORATED, a Delaware corporation, Defendant.

Court of Chancery of Delaware, New Castle County.

Decided: December 2, 1994.

Attorney(s) appearing for the Case

William J. Marsden, Jr. and Arthur L. Dent, of Potter Anderson & Corroon, Wilmington, C. Philip Curley and Steven A. Ramirez, of Robinson Curley & Clayton, P.C., Chicago, Illinois, for Plaintiff.

R. Franklin Balotti and Todd C. Schiltz, of Richards, Layton & Finger, Wilmington, Maurice J. McSweeney, of Foley & Lardner, Milwaukee, Wisconsin, for Defendant.

OPINION

JACOBS, Vice Chancellor.

On August 24, 1994, the plaintiff, Scattered Corporation ("Scattered"), brought this action, pursuant to 8 Del.C. § 220, to obtain a court-ordered inspection of certain books and records of the defendant, Chicago Stock Exchange, Incorporated ("CHX"). CHX has moved to dismiss the complaint for lack of subject matter jurisdiction and for failure to state a claim upon which relief may be granted. The motion...

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