Legal Opinion
Asb Allegiance Real Estate Fund v. Scion Breckenridge Managing Member, LLC
Court of Chancery of Delaware
Decided July 9, 2012No. C.A. No. 5843-VCLPublishedCited by 40 opinions
1Opinion of the Court
OPINION
LASTER, Vice Chancellor.
By opinion dated May 16, 2012, affiliates of ASB Capital Management, LLC (collectively “ASB”) obtained reformation of three limited liability company agreements (the “LLC Agreements”) governing real estate joint ventures with affiliates of The Scion Group, LLC (collectively “Scion”). See ASB Allegiance Real Estate Fund v. *438Scion Breckenridge Managing Member, LLC, 2012 WL 1869416 (Del.Ch. May 16, 2012) (the “Merits Decision”). The LLC Agreements contain fee-shifting provisions. Having prevailed, ASB is entitled to fees and costs in the amount of $3,267,355.31,…
2Cases cited29 opinions
- Nemec v. ShraderSupreme Court of Delaware · 2010
- Merrill v. Crothall-American, Inc.Supreme Court of Delaware · 1992
- Dunlap v. State Farm Fire & Casualty Co.Supreme Court of Delaware · 2005
- Desert Equities, Inc. v. Morgan Stanley Leveraged Equity Fund, II, L.P.Supreme Court of Delaware · 1993
- Wood v. BaumSupreme Court of Delaware · 2008
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3Cited by40 opinions
- Scion Breckenridge Managing Member, LLC v. ASB Allegiance Real Estate FundSupreme Court of Delaware · 2013
- Leone v. OwsleyCourt of Appeals for the Tenth Circuit · 2015
- Gerber v. Enterprise Products Holdings, LLCSupreme Court of Delaware · 2013
- Eldridge v. Gordon Brothers Group, LLCCourt of Appeals for the First Circuit · 2017
- Hanaway, L. v. The Parkesburg GroupSuperior Court of Pennsylvania · 2015
35 more not listed; retrieve them via the Exa API.