I'm totally uneducated about things like this. Can someone explain if this could ever happen? What really stops activist investors from demanding logs from a web company, for instance?
CEOs of delaware corps have to do whats in the best interest of the company. It is probably not in the best interest of the company to reveal documents to a shareholder for the purpose of being successfully sued by that shareholder.
Its probably entirely impossible for a random investor to demand shit.