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Summaries and analysis of recent Delaware court decisions concerning business-related litigation.

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Court Of Chanery Explains Damages Calculation For Consent Breach

Fletcher International Ltd. v. ION Geophysical Corporation, C.A. 5109-CS (December 4, 2013)

What are the damages when a party's right to consent to a transaction is violated?  There is no easy answer to that question that involves predicting what might have been won in fair negotiations for that consent.  Nonetheless, here the Court explains how it determines what are the reasonable expectations of the non-breaching party.