Phoenix Equity Group LLC v. BPG Justison P2 LLC, No. 5008-VCL (Del. Ch., Dec. 7, 2009), read letter ruling here.

In this one-page letter ruling, the Delaware Court of Chancery interpreted its own Rule 5(aa)   [yes, that is the correct citation], to require the Court’s approval even when a stipulation is submitted for one counsel to substitute for another.