NAMA HOLDINGS v. WORLD MKT. CENTER VENTURE

C.A. No. 2756-VCL.

948 A.2d 411 (2007)

NAMA HOLDINGS, LLC, Plaintiff, v. WORLD MARKET CENTER VENTURE, LLC, Defendant.

Court of Chancery of Delaware, New Castle County.

Decided: July 20, 2007.


Attorney(s) appearing for the Case

Michael D. Goldman, Esquire, Stephen C. Norman, Esquire, Abigail M. LeGrow, Esquire, Potter Anderson & Corroon, LLP, Wilmington, DE; Howard J. Rubinroit, Esquire, Ronald C. Cohen, Esquire, Sidley Austin, LLP, Los Angeles, CA, for the Plaintiff.

Allen M. Terrell, Esquire, Lisa Zwally Brown, Esquire, Richards, Layton & Finger, P.A., Wilmington, DE; Leslie D. Corwin, Esquire, Sophia Tsokos, Esquire, Greenberg Traurig, LLP, New York City, for the Defendant.


OPINION

LAMB, Vice Chancellor.

A disgruntled investor, who owns an indirect interest in a Delaware limited liability company, brings an action to inspect that entity's books and records pursuant to contractual provisions in the organizational document of the LLC which, the investor believes, grant it an unrestricted right of access to sensitive and proprietary information concerning the entity's operations. A proper reading of those contractual provisions...

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