Legal Opinion

Krahmer v. Christie's Inc.

Court of Chancery of Delaware

Decided June 2, 2006No. C.A. 606-NPublishedCited by 28 opinions

1Opinion of the Court

OPINION

LAMB, Vice Chancellor.

The purchasers of a painting acquired at auction in 1986 seek to amend their petition for rescission filed against the auction house. The original petition, filed in 2004, alleges that the auction house committed fraud by intentionally concealing that the work of art was not an original. Now, after the conclusion of discovery, the petitioners wish to add claims of mutual mistake of fact, negligent misrepresentation, and/or constructive fraud. The court finds that the proposed new causes of action are barred by the applicable statute of limitations, and that the…

2Cases cited25 opinions

  1. Dallas Aerospace, Inc., Plaintiff-Counter-Defendant-Appellant v. Cis Air Corporation, Defendant-Counter-Claimant-AppelleeCourt of Appeals for the Second Circuit · 2003
  2. Wal-Mart Stores, Inc. v. AIG Life InsuranceSupreme Court of Delaware · 2004
  3. American Protein Corporation v. Ab Volvo and Volvo Lastvagnar Ab, as Successors in Interest to Beijerinvest Ab, Beijer Industries, Inc. And Bo LyckeCourt of Appeals for the Second Circuit · 1988
  4. Layton v. AllenSupreme Court of Delaware · 1968
  5. Rabkin v. Philip A. Hunt Chemical Corp.Supreme Court of Delaware · 1985

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3Cited by28 opinions

  1. Krahmer v. Christie's Inc.Court of Chancery of Delaware · 2006
  2. TL of Florida, Inc. v. Terex Corp.District Court, D. Delaware · 2014
  3. Diamond Chapter 7 v. Friedman (In Re Century City Doctors Hospital, LLC)United States Bankruptcy Court, C.D. California · 2012
  4. Winstar Holdings, LLC v. Blackstone Group, LP (In Re Winstar Communications, Inc.)United States Bankruptcy Court, D. Delaware · 2010
  5. AM General Holdings LLC v. The Renco Group, Inc. & The Renco Group, Inc. v. MacAndrews AMG Holdings LLCCourt of Chancery of Delaware · 2016

23 more not listed; retrieve them via the Exa API.

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