Legal Opinion
William Penn Partnership v. Saliba
Supreme Court of Delaware
Decided February 9, 2011No. 362, 2010PublishedCited by 62 opinions
1Opinion of the Court
STEELE, Chief Justice.
William Lingo and Bryce Lingo, through their ownership in the William Penn Partnership, breached their fiduciary duties to the members of Del Bay Associates, LLC when they facilitated the sale of the Beacon Motel, Del Bay’s sole asset, under a deceptive and manipulative sales process. The Chancellor awarded Anis Saliba and Rosa Ksebe, members of Del Bay Associates to whom William Penn Partnership owed fiduciary duties, attorneys’ fees because of the faithless preliti-gation conduct of the William Penn fiduciaries. The Chancellor correctly found that the Lingos, acting…
2Cases cited10 opinions
- Levitt v. BouvierSupreme Court of Delaware · 1972
- Unitrin, Inc. v. American General Corp.Supreme Court of Delaware · 1995
- Cinerama, Inc. v. Technicolor, Inc.Supreme Court of Delaware · 1995
- Gotham Partners, L.P. v. Hallwood Realty Partners, L.P.Supreme Court of Delaware · 2002
- Johnston v. Arbitrium (Cayman Islands) Handels AGSupreme Court of Delaware · 1998
5 more not listed; retrieve them via the Exa API.
3Cited by62 opinions
- RBC Capital Markets, LLC v. JervisSupreme Court of Delaware · 2015
- Scion Breckenridge Managing Member, LLC v. ASB Allegiance Real Estate FundSupreme Court of Delaware · 2013
- Gatz Properties, LLC v. Auriga Capital Corp.Supreme Court of Delaware · 2012
- Bhole, Inc. v. Shore Investments, Inc.Supreme Court of Delaware · 2013
- Auriga Capital Corp. v. Gatz Properties, LLCCourt of Chancery of Delaware · 2012
57 more not listed; retrieve them via the Exa API.