Shareholder Representative Services, LLC v. ExlService Holdings, Inc., C.A. No. 8367-VCG (Del. Ch., Aug. 27, 2013).

This is yet another Chancery decision on the issue of arbitrability.  In essence, this Court of Chancery opinion addresses the substantive arbitrability of a claim but distinguished the seminal Delaware decision in the Willie Gary case, and ruled that despite a carve-out for seeking injunctive relief in the agreement, the plaintiff was neither seeking equitable relief (despite the “façade of prayers” requested), nor was it entitled to equitable relief under the facts of the case, notwithstanding the parties’ contract provision agreeing to irreparable harm.