Visual Effects Co. Share Buyout Suit Kept Alive In Chancery
Law360 (March 26, 2020, 3:42 PM EDT) -- Delaware's Chancery Court on Wednesday kept alive two of six claims in a suit filed by two visual effects company employee-investors seeking enforcement of buyout offers for their membership units in Carbon Visual Effects LLC, finding that those offers were a form of option contract.
Vice Chancellor Katharine S. McCormick allowed one count alleging breach of contract by Carbon to continue moving toward trial, as well as one demanding specific performance by Carbon. Four counts were dismissed, however, including claims against Carbon’s majority unitholder, White House Post Productions LLC, and a string of “John Does,” as well as one alleging “gross and...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!