Publication Date: 2023-05-16
Practice Area: Contractual Disputes
Industry: Consulting | Pharmaceuticals
Court: Delaware Supreme Court
Judge: Justice Traynor
Attorneys: For plaintiff: Scott James Leonhardt, Jason A. Gibson, The Rosner Law Group LLC, Wilmington, DE; Alexander Klein, Barket Epstein Kearon Aldea & Loturco, LLP, Garden City, NY for appellant.
for defendant: Laurence V. Cronin, Kelly A. Green, Smith, Katzenstein & Jenkins, LLP, Wilmington, DE; Robert S. Friedman, Joshua I. Schlenger, Katherine Anne Boy Skipsey, Sheppard, Mullin, Richter & Hampton, LLP, New York, NY for appellee.
Case Number: 299, 2022
Chancery court erred in accepting corporate board committee's interpretation of stock option agreement provision without further review or offering the parties the opportunity to provide supplemental briefing or oral argument. Reversed and remanded.