Delaware Court of Chancery Vice Chancellor Sam Glasscock III criticized an out-of-state plaintiffs attorney for failing to reveal a potential conflict in a Section 225 case but declined to disqualify the attorney because, Glasscock said, the conflict does not unfairly prejudice the defendants’ claims.
Glasscock issued the decision March 28 inManning v. Vellardita . The case was initiated last August when Silvana Costa Manning, managing director of ValCom Inc., a Delaware corporation headquartered in Indian Rocks Beach, Fla., which operates television and film studios, filed a lawsuit seeking to invalidate the removal of three directors from the company under Delaware General Corporation Law Section 225. Patrick C. Willemsen, ValCom’s president and CEO, was also a plaintiff in the dispute.
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