Saito v. McKesson HBOC, Inc.

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• holding that a plaintiff should receive “access to all of the documents in the corporation’s possession, custody or control, that are necessary to satisfy [the plaintiff’s] proper purpose”
• providing that “[a] stockholder who demands inspection for a proper purpose” must be given access only to documents “necessary to satisfy” that purpose
• requiring documents to be “necessary and essential to satisfy the stockholder’s proper purpose”
• rejecting argument that stockholder could not obtain books and records pre-dating the stockholder’s purchase of shares; noting that “the potential derivative claim may involve a continuing wrong that both predates and postdates the stockholder’s purchase date”
• reversing in part, as too narrow, grant of access after trial
• “The issue is whether the documents are necessary and essential to satisfy the stockholder’s proper purpose.”

Source: CourtListener parenthetical corpus (CC0).