AT&T Corp. v. Lillis
Supreme Court of Delaware
1Opinion of the Court
BERGER, Justice for the majority.
This is our decision, after remand, in an action by former officers and directors of MediaOne Corp. (the “Option Holders”) seeking compensation from AT & T Corp. for the full value of their options. The Court of Chancery originally decided that the applicable contract provision is ambiguous, and that the Option Holders’ interpretation is correct. In reaching that conclusion, the trial court relied “heavily” on AT & T’s admissions in its original answer and its briefs, and on AT & T’s failure to explain the basis for withdrawing those admissions. On appeal,…
2Cases cited4 opinions
- At&T CORP. v. LillisSupreme Court of Delaware · 2008
- Bruce E.M. v. Dorothea A.M.Supreme Court of Delaware · 1983
- Lillis v. AT&T CORP.Court of Chancery of Delaware · 2005
- Hamilton v. StateSupreme Court of Delaware · 2003
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- Darnis v. Raytheon Technologies CorporationDistrict Court, D. Connecticut · 2022
- Erik Holzbaur v. Trolley Square Hospitality, LLCCourt of Chancery of Delaware · 2025
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