Legal Opinion
Metro Communication Corp. v. Advanced Mobilecomm Technologies Inc.
Court of Chancery of Delaware
Decided April 30, 2004No. Civ.A. 20099PublishedCited by 54 opinions
1Opinion of the Court
STRINE, Vice Chancellor.
Metro Communication Corp., BVI (“Metro”) is a former member of Fidelity Ventures Brazil, LLC (“Fidelity Brazil”), which was established by a limited liability company agreement in February 1998 (the “LLC Agreement”) as the vehicle through which Metro and the other members of Fidelity Brazil would invest venture capital in the then-recently deregulated South American telecommunications market. By October 2000, Metro allegedly had invested approximately $31 million in Fidelity Brazil and affiliated entities, with an eye towards an IPO that would take advantage of the…
2Cases cited28 opinions
- Tooley v. Donaldson, Lufkin, & Jenrette, Inc.Supreme Court of Delaware · 2004
- Greebel v. FTP Software, Inc.Court of Appeals for the First Circuit · 1999
- In Re Advanta Corp. Securities LitigationCourt of Appeals for the Third Circuit · 1999
- Orman v. CullmanCourt of Chancery of Delaware · 2002
- Malone v. BrincatSupreme Court of Delaware · 1998
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3Cited by54 opinions
- In Re Citigroup Inc. Shareholder Derivative LitigationCourt of Chancery of Delaware · 2009
- Wood v. BaumSupreme Court of Delaware · 2008
- RBC Capital Markets, LLC v. JervisSupreme Court of Delaware · 2015
- Desimone v. BarrowsCourt of Chancery of Delaware · 2007
- Torch Liquidating Trust Ex Rel. Bridge Associates L.L.C. v. StockstillCourt of Appeals for the Fifth Circuit · 2009
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