Halt Medical Case Needs To Go To Trial, Chancery Rules

By Vince Sullivan (August 22, 2018, 10:15 PM EDT) -- Dueling motions for summary judgment filed by shareholders of medical device maker Halt Medical Inc. and defendant American Capital Ltd. were both denied Wednesday by a Delaware vice chancellor who said that significant questions of fact remain to be answered in the case.

In a brief letter opinion, Vice Chancellor Sam Glasscock III said the motions asked the court to determine matters of law in favor of each party, but the questions presented in the motions would benefit from a more thorough analysis that could only occur during a trial.

The shareholder suit arises from the issuance of new Halt Medical...

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