Chancery Court Vacates Prior Decision in Fiduciary Duty Case

Posted on November 20, 2008 by Francis Pileggi

In Stephenson v. Cooke, (Del. Ch., Oct. 29, 2008), the Delaware Chancery Court  vacated a 30-page decision summarized here, in an unusual ruling that apparently was based in part on a condition of a settlement between the parties involved. Read the Court’s one-page letter decision here.

  • http://www.delawarelitigation.com/2008/10/articles/chancery-court-updates/chancery-addresses-issue-of-what-constitutes-fiduciary-relationship/index.html Delaware Corporate and Commercial Litigation Blog

    Chancery Addresses Issue of What Constitutes Fiduciary Relationship

    Stephenson v. Cooke, Del. Ch., C.A. No. 3110-VCL (Sept. 24, 2008). In this 30-page Chancery Court decision, which is by necessity very factually intensive, the Chancery Court reasoned that a fiduciary relationship did not exist between two close friend…

  • http://www.delawarelitigation.com/2008/12/articles/delaware-supreme-court-updates/supreme-court-reverses-appraisal-opinion/index.html Delaware Corporate and Commercial Litigation Blog

    Supreme Court Reverses Appraisal Opinion

    In Crescent/Mach I Partners L.P. v. Dr. Pepper Bottling Co. of Texas, (Del. Supr., December 1, 2008), read opinion here, the Delaware Supreme Court (in a rare occurrence) reversed the Chancery Court on a procedurally unusual basis involving an appraisa…