Posted on January 21, 2007 by Francis G.X. Pileggi

Summary Judgment Denied on Stock Option Issues

Lillis v. AT&T Corp. (Del. Ch., Dec. 21, 2006), read opinion here.

In this case, competing cross motions for summary judgment were denied in connection with an interpretation of stock option contracts. The court determined that more factual clarification was needed before legal issues could be ruled upon.  For a more detailed background, see the previous opinion of the court in this matter: Lillis v. AT&T Corp., 896 A.2d 871 (Del. Ch. 2005). For 2 previous decisions in the case summarized on this blog, see here and here.

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Delaware Corporate and Commercial Litigation Blog - May 23, 2008 2:43 PM
AT & T Corp. v. Lillis, (Del. Supr., May 22, 2008), read opinion here. The Delaware Supreme Court in this 34-page opinion reiterates basic contract interpretation principles under Delaware law in the context of stock option rights, including in wha...
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