Pomerantz Wins StoneMor Section 220 Trial

Pomerantz, on behalf of our client, an individual shareholder acting as plaintiff, scored a victory in its pursuit of a books and records request against pursuant to Section 220 of the Delaware General Corporation Law. StoneMor owns and operates more than 300 cemeteries and 80 funeral homes in the United States, offering products and services including caskets, burial lots and mausoleum crypts. On December 31, 2019, the Company completed a series of reorganization transactions that effectively converted it from a Delaware limited liability company into…

Gilead Shareholders Awarded $1.8 Million for Attorneys’ Fees and Expenses In Delaware Section 220 Trial

n November 2020, Pomerantz received a ruling in a Section 220 books and records proceeding that included a startling admonition from the Delaware Court of Chancery criticizing the overly aggressive defense strategy adopted by Gilead Sciences, Inc. At the time, the Court opened the door for fee shifting in the case: “Defendants like Gilead adopt this strategy with the apparent belief that there is no real downside to doing so…”