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Vice Chancellor J. Travis Laster of the Chancery Court of the State of Delaware.

The Delaware Supreme Court has reversed a Chancery Court decision that assessed only $1 in damages for a wind-energy development firm’s refusal to cash out an investor after it offloaded part of the company in a $1.8 billion asset sale, ruling that the remedy had “no support” in the courts’ case law.

Tom McParland

Tom McParland of Delaware Law Weekly can be contacted at 215-557-2485 or at tmcparland@alm.com. Follow him on Twitter @TMcParlandTLI.

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