A Delaware court has given Dolphin Limited Partnership I, L.P. the right to inspect financial records for information provider InfoUSA, according to Dolphin.
The records Dolphin sought concern financial transactions dating from 1998 and 1999, as well as compensation for CEO Vinod Gupta.
A spokesperson for InfoUSA declined to comment on the Court of Chancery of the State of Delaware’s decision.
Dolphin’s ability to review these records marks the latest salvo between the two firms. In March, Dolphin had previously nominated Karl L. Meyer, Malcolm Aslin and Robert A. Trevisani to InfoUSA’s board of directors.
Previously, InfoUSA had requested that its shareholders not take any action regarding the nominees Dolphin put forth. InfoUSA stated that Dolphin has been a shareholder for just under one year, and is pursuing investment strategies that are “not consistent with the creation of long-term shareholder value.”
