On May 25, 2021, in In re GGP, Inc. Stockholder Litigation, the Delaware Court of Chancery dismissed a putative class action brought by GGP, Inc. (“GGP”) stockholders against various GGP directors and officers and Brookfield Property Partners, L.P. (together with its subsidiaries and affiliates, “Brookfield”) in connection with Brookfield’s 2018 acquisition of GGP. With the benefit of GGP books and records obtained under 8 Del. C. § 220, Plaintiffs alleged that Brookfield, holder of 35.3% of GGP’s common stock at the time of the acquisition, controlled GGP and therefore owed fiduciary duties to GGP’s stockholders. Vice Chancellor Slights disagreed, holding that Plaintiffs failed to plead minority control, and that under Corwin v. KKR Financial Holdings, the informed, uncoerced vote of the majority of disinterested GGP stockholders entitled defendants to dismissal under the business judgment rule.