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

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Court Of Chancery Rescinds LLC Agreement For Fraud In The Inducement

Posted In LLC Agreements

Trascent Management Consulting LLC v. Bouri, C.A. 10915-VCMR (September 10, 2018)

This is an interesting decision because it holds that an entity may bring a fraudulent inducement claim for statements made before it was formed when the statements caused it to be formed for a new business. It is also interesting because it awards attorney fees for lying during a trial.