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HIGHLAND SELECT EQUITY v. MOTIENT CORP.

C.A. No. 2092-N.

906 A.2d 156 (2006)

HIGHLAND SELECT EQUITY FUND, L.P., a Delaware Limited Partnership, Plaintiff, v. MOTIENT CORPORATION, a Delaware Corporation, Defendant.

Court of Chancery of Delaware, New Castle County.

Decided: July 6, 2006.

Attorney(s) appearing for the Case

Kevin G. Abrams, Esquire, A. Thompson Bayliss, Esquire, Abrams & Laster, LLP, Wilmington, Delaware; Layne E. Kruse, Esquire, Gerard G. Pecht, Esquire, Fulbright & Jaworski, LLP, Houston, Texas, Attorneys for the Plaintiff.

Gregory P. Williams, Esquire, Lisa A. Schmidt, Esquire, Richard P. Rollo, Esquire, Harry Tashjian, Esquire, Richards, Layton & Finger P.A., Wilmington, Delaware; T. Ray Guy, Esquire, Robert R. Summerhays, Esquire, Nicole S. Gambrell, Esquire, Paige Holden Montgomery, Esquire, Weil, Gotshal & Manges LLP, Dallas, Texas; Richard W. Slack, Esquire, Weil, Gotshal & Manges, LLP, New York, New York, Attorneys for the Defendant.

OPINION AND ORDER

LAMB, Vice Chancellor.

A substantial stockholder of a Delaware corporation seeks access to the company's books and records pursuant to 8 Del. C. § 220, purportedly to investigate suspected mismanagement and for use in conjunction with an ongoing proxy contest. The demand letter spans 25 single-spaced pages and includes 47 categories requiring the production of "all books, records, documents, and correspondence in the...

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