A Delaware private depository company breached its contractual duties when it released millions of dollars of rare coins and bullion that were used as collateral for a loan provided by a New York bank to a California limited liability company, the Delaware Court of Chancery has ruled. The decision ends litigation between the two parties, which had moved through the Chancery Court since February 2012 and generated four pretrial opinions.
*May exclude premium content
Already have an account? Sign In Now
Interested in customizing your subscription with Law.com All Access?
Contact our Sales Professionals at 1-855-808-4530 or send an email to firstname.lastname@example.org to learn more.