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Summaries and analysis of recent Delaware court decisions concerning business-related litigation.
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Court Of Chancery Implements The Pharmathene Decision
PharmAthene Inc. v. SIGA Technologies Inc., C.A. 2627-VCP (May 31, 2012)
The original PharmAthene decision is a landmark in the law of remedies for breach of contract because it imposed a form of profit sharing. This latest decision in that case, together with the attached Order, explains in detail how that remedy is to work.
This decision, including its award of expectation damages, was largely affirmed on May 24, 2013. See Del Supr C.A, 314, 2012