Chancery Tosses Suit Over $450M 'Balanced Water' Biz Sale

Law360 (July 23, 2020, 3:47 PM EDT) -- A Delaware vice chancellor has tossed a music producer investor's suit against a business that sells "perfectly balanced pH water," saying his complaint lacked facts to support allegations he was cheated out of proceeds from the company's $450 million sale to Keurig Dr Pepper.

In a 20-page memorandum opinion Wednesday, Vice Chancellor Joseph R. Slights III also said that pop songwriter and producer Jacob Kasher Hindlin lacked standing to pursue his claims against three former Core Nutrition LLC board members, including music producer Dr. Luke.

"As an initial matter, the complaint is devoid of well-pled factual allegations that any of the...

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