Credit: nsta_photos/Adobe Stock Chancery Court Suit Alleges Investment Management Co. Failed to Purchase $8M in Equity Securities
This suit was surfaced by Law.com Radar. Read the complaint here.
December 01, 2022 at 11:09 AM
1 minute read
Financial Services and Banking
Morris, Nichols, Arsht & Tunnell and King & Spalding filed a breach-of-contract lawsuit Tuesday in Delaware Court of Chancery on behalf of Vale Ventures IA LLC. The suit pursues claims against Great Jay Management Investments LLC and other defendants for failing to purchase $8 million in equity securities from Vale Ventures in connection with an executed equity commitment letter agreement. Counsel have not yet appeared for the defendants. The case is 2022-1100, Vale Ventures Ia LLC v. Gray Jay Management Investments, LLC.
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