The Delaware Court of Chancery recently addressed a litany of claims that the buyer of a business breached its contractual and fiduciary duties by diverting new deals that deprived the sellers from reaching milestones in the purchaser’s new entity that would have triggered increased value.
Chancery Rule 9(b)
Chancery Allows Fraud and Breach of Contract Claims Against Seller of Stock
By Francis Pileggi on
Posted in Chancery Court Updates
The following article first appeared in a recent edition of The Delaware Business Court Insider.
A recent decision of the Delaware Court of Chancery in the case of Osram Sylvania, Inc. v. Townsend Ventures, LLC, C.A. No. 8123-VCP (Del. Ch. Nov. 19. 2013), denied a motion to dismiss a breach of contract claim and a…