Chancery Says It Doesn't Handle Defamation Claims

Law360 (August 13, 2019, 9:25 PM EDT) -- A Delaware vice chancellor said Tuesday that Chancery Court generally doesn't handle defamation claims in an opinion detailing his bench ruling in June that dismissed such a count from Preston Hollow Capital LLC's suit against financial industry giant Nuveen LLC over an alleged smear and boycott conspiracy.

In the decision, Vice Chancellor Sam Glasscock III said several times that "equity will not enjoin a libel," while explaining why Preston Hollow could not pursue in Chancery Court a claim that its high yield municipal bond business was defamed by Nuveen in a running campaign that nearly dried up business for the smaller...

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