On April 24, 2026, the Delaware Court of Chancery adopted a recommendation by the Magistrate in Chancery to dismiss an action to enforce a demand to inspect books and records under Delaware General Corporation Law (DGCL) Section 220 where the inspection demand was timely served by a record stockholder before the closing of a merger, but the action to enforce the demand was not filed until after the merger closed and the stockholder’s shares were cancelled. The stockholder lost standing upon the cancellation of the shares and was therefore unable to pursue an inspection demand action because the question of standing is measured as of the date the complaint is filed, not when the original inspection demand is made.
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