Showing 121 posts in Business Torts.
Court Of Chancery Enforces Delaware Law On Restrictive Covenants
KAN-DI-KI, LLC v. Suer, C.A. No. 7937-VCP (July 22, 2015)
This is an interesting case just for the cast of characters involved. However, it also has 2 important legal points. More ›
ShareCourt Of Chancery Permits Appeal Of Its In Pari Delicto Decision
It is often difficult to decide if an interlocutory opinion is appealable. This decision well explains the governing law on when the Court will permit such an appeal.
ShareCourt Of Chancery Issues Mother Of All In Pari Delicto Decisions
The Honorable Karen Weldin Stewart v. Wilmington Trust SP Services, Inc., C.A. 9306-VCP (March 26, 2015) This and the AIG decisions are the leading decisions on when the in pari delicto defense works. The Court carefully summarizes the 3 exceptions to when in pari delecto bars a recovery: (1) the adverse interest exception, (2) the fiduciary duty exception, and (3) the public policy exception such as in the case of the federal securities laws. Of these, the "greatest of all" is the fiduciary duty exception that even permits aiding and abetting clams to proceed.
ShareSuperior Court Upholds Multimillion Dollar Verdict
Professional Investigating & Consulting Agency, Inc. v. Hewlett-Packard Company Del Super. No. 12C-06-196 MMJ CCLD (March 23, 2015) This decision upholds a rare multimillion dollar jury verdict for interference with the plaintiff's business, including a $5,500,000 damage award for "humiliation" damages. The Court also awards attorney fees to the successful plaintiff. The opinion is an excellent review of when a jury verdict may be set aside by the Court.
ShareDistrict Court Interprets Limitations Savings Statute
Court Of Chancery Explains Remedies Under An Agreement Of Sale
District Court Explains Securities Law Pleading Rules
Court Of Chancery Explains How To Form An Oral Partnership
District Court Explains Scope Of Trade Secret Act
Court Of Chancery Establishes Post-Judgment Interest Rate
Sequoia Presidential Yacht Group LLC v. FE Partners LLC, C.A. 8270-VCG (June 12, 2014)
What is the post-judgment rate of interest when there is a contract rate? This decision holds that the contract rate applies, at least in matters over $100,000.
ShareCourt Of Chancery Grants Reformation
Miller v. National Land Partners LLC, C.A. 7977-VCG (June 11, 2014)
Rare is it that a party convinces a court to grant it reformation of a contract. This is that case. The result was made easier when both parties to the contract agreed it omitted key language that warranted reformation. The plaintiff, an outsider to the contract but who was hurt by its reformation, had those bad facts to overcome.
ShareCourt Of Chancery Rejects Delaware Securities Act Claim
Eurofins Panlabs Inc. v. Ricerca Biosciences LLC, C.A. 8431-VCP (May 30, 2014)
This decision holds that the Delaware Securities Act does not apply to trades outside of Delaware, even those between Delaware corporations. The opinion also has some useful descriptions of what constitutes a basis for a fraud claim.
ShareCourt Of Chancery Details Remedy For Unfaithful Employee
Wayman Fire Protection Inc. v. Premium Fire & Safety LLC, C.A. 7866-VCP (March 5, 2014)
When an employee departs and there is no agreement that restricts his post-employment actions, the law has been often unclear on the former employer's rights to protect itself from unfair competition. This decision pulls much of that prior scattered case law together in a coherent discussion of the former employer's rights. It even deals with the misuse of computer systems statute that has seldom been discussed as a remedy for computer information theft.
ShareCourt Of Chancery Explains Loss Causation
Vichi v. Koninklijke Philips Electronics N.V., C.A. 2578-VCP (February 18, 2014)
This may be the longest opinion ever written by the Court of Chancery. In one sense, that is too bad because it has the best explanation of loss causation in any recent opinion. Briefly, if A invests in company ABC because of false representations about its earnings and then the value of ABC declines because all its officers die, A has lost money because he invested in ABC. However, his loss is not caused by the fraud but by the deaths of the officers. In that situation, A has not proved loss causation. This is an important point that is too often overlooked.
ShareCourt Of Chancery Explains Equitable Fraud Claim
Grzybowski v. Tracy, C.A. 3888-VCG (August 9, 2013)
When is there a claim for "equitable fraud" in the absence of a fiduciary relationship? This may be an important issue when it is difficult to prove the scienter requirement to establish a common law claim for fraud. This decision holds that there may be a claim for equitable fraud even when the parties do not have a fiduciary relationship. However, the holding is limited to when the proper remedy is to rescind the transaction.
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