Legal Opinion
Krahmer v. Christie's Inc.
Court of Chancery of Delaware
Decided October 17, 2006No. C.A. 606-NPublishedCited by 19 opinions
1Opinion of the Court
OPINION
LAMB, Vice Chancellor.
The purchasers of a painting acquired at auction in 1986 filed a petition for rescission against the auction house. The purchasers allege that the auction house committed fraud by intentionally concealing that the painting was not an original work of the artist. The auction house now moves for summary judgment. The record contains no evidence from which the court can reasonably infer scienter on the part of the auction house. The court also finds that the petition was not timely filed. Therefore, the motion for summary judgment must be granted.
I
A. The Parties
The…
2Cases cited16 opinions
- Celotex Corp. v. Catrett, Administratrix of the Estate of CatrettSupreme Court of the United States · 1986
- Small v. Lorillard Tobacco Co.New York Court of Appeals · 1999
- Burkhart v. DaviesSupreme Court of Delaware · 1991
- Jo Ann Homes at Bellmore, Inc. v. DworetzNew York Court of Appeals · 1969
- Williams v. GeierSupreme Court of Delaware · 1996
11 more not listed; retrieve them via the Exa API.
3Cited by19 opinions
- Hydrogen Master Rights, Ltd. v. WestonDistrict Court, D. Delaware · 2017
- LINCOLN NATIONAL LIFE INSURANCE COMPANY v. SnyderDistrict Court, D. Delaware · 2010
- In Re Maxim Integrated Products, Inc., Deriv. Lit.District Court, N.D. California · 2008
- M.K. v. Prestige Acad. Charter Sch.District Court, D. Delaware · 2018
- Sheryl Smith v. Andrew WhelanCourt of Appeals for the Third Circuit · 2014
14 more not listed; retrieve them via the Exa API.