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PETTRY v. GILEAD SCIENCES, INC.

C.A. Nos. 2020-0132-KSJM, 2020-0138-KSJM, 2020-0155-KSJM, 2020-0173-KSJM.

DEBORAH PETTRY and GAIL FRIEDT, Plaintiffs, v. GILEAD SCIENCES, INC., Defendant. RICHARD C. COLLINS, Plaintiff, v. GILEAD SCIENCES, INC., Defendant. HOLLYWOOD POLICE OFFICERS' RETIREMENT SYSTEM, Plaintiff, v. GILEAD SCIENCES, INC., Defendant. ANTHONY RAMIREZ, Plaintiff, v. GILEAD SCIENCES, INC., Defendant.

Court of Chancery of Delaware.

November 23, 2020.

Attorney(s) appearing for the Case

Blake A. Bennett , COOCH AND TAYLOR, P.A., Wilmington, Delaware; Brian J. Robbins , Stephen J. Oddo , Eric M. Carrino , ROBBINS LLP, San Diego, California; Counsel for Plaintiffs Deborah Pettry and Gail Friedt.

Kurt M. Heyman , Gillian L. Andrews , HEYMAN, ENERIO, GATTUSO & HIRZEL LLP, Wilmington, Delaware; Gustavo F. Bruckner , Daryoush Behbood , POMERANTZ LLP, New York, New York; Counsel for Plaintiff Richard C. Collins.

Gregory V. Varallo , BERNSTEIN, LITOWITZ, BERGER & GROSSMANN LLP, Wilmington, Delaware; David Wales , Alla Zayenchik, BERNSTEIN, LITOWITZ, BERGER & GROSSMANN LLP, New York, New York; Robert D. Klausner , KLAUSNER, KAUFMAN, JENSEN, & LEVINSON; Counsel for Plaintiff Hollywood Police Officers' Retirement System.

Gregory V. Varallo , BERNSTEIN, LITOWITZ, BERGER & GROSSMANN LLP, Wilmington, Delaware; Francis A. Bottini, Jr. , Anne B. Beste , BOTTINI & BOTTINI, INC., La Jolla, California; Mark C. Molumphy , Tyson C. Redenbarger , Noorjahan Rahman , COTCHETT, PITRE & MCCARTHY, LLP; Counsel for Plaintiff Anthony Ramirez.

Brian C. Ralston , Aaron R. Sims , David M. Hahn , POTTER, ANDERSON & CORROON LLP, Wilmington, Delaware; John C. Dwyer , Shannon M. Eagan , Tijana Brien , Christopher Vail , COOLEY LLP, Palo Alto, California; Counsel for Defendant Gilead Sciences, Inc.

MEMORANDUM OPINION

McCORMICK, V.C.

Each of the five stockholder plaintiffs seeks to inspect books and records of Gilead Sciences, Inc. ("Gilead" or the "Company"). The stated purpose of their respective inspections is to investigate possible wrongdoing in connection with the Company's development, marketing, and sale of HIV drugs.1 When a stockholder seeks inspection for the purpose of investigating wrongdoing,...

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