WILMINGTON, DEL.—The Delaware Court of Chancery’s Vice Chancellor J. Travis Laster cited the work of Womble Carlyle’s Jill Agro as part of a high-profile lawsuit against Yahoo! Inc.
In Amalgamated Bank v. Yahoo! Inc., the plaintiff demanded that the Internet giant turn over documents related to the firing of company COO Henrique de Castro pursuant to a books and records action under Section 220 of the Delaware General Corporation Law. The court ruled that investors provided a “proper purpose” for obtaining the sought after documents, given that de Castro’s firing—approximately a year after he was hired—triggered a nearly $60 million severance payment.
In his ruling, Vice Chancellor Laster cited Agro’s 2012 article “Inspecting Corporate Books and Records in a Digital World: The Role of Electronically Stored Information,” which was co-authored with Francis G.X. Pileggi and Kevin F. Brady. The article was published in The Delaware Journal of Corporate Law.
Jill Agro is an experienced litigator in Delaware’s renowned Court of Chancery. She litigates and advises on an array of Chancery matters including breaches of fiduciary duties, books and records demands, receivership issues, contract law, and business tort claims. Beyond Chancery, Jill also has extensive experience in all of Delaware’s state and federal courts in cases involving the gamut of issues from constitutional rights to commercial sales subject to the Uniform Commercial Code.