Legal Opinion
Harold Kraft v. Wisdomtree Investments, Inc.
Court of Chancery of Delaware
Decided August 3, 2016No. CA 10816-CBPublishedCited by 103 opinions
1Opinion of the Court
OPINION
BOUCHARD, C.
In this case, a stockholder of Tradeworx, Inc. seeks a declaration that shares issued to WisdomTree Investments, Inc. in 2000 are invalid because they were issued in exchange for services to be provided in the future, which was disallowed at the time under certain provisions of the Delaware General Corporation Law and the Delaware Constitution. Those provisions have since been amended to permit shares to be issued for that form of consideration.
WisdomTree has moved to dismiss the complaint. Its primary argument is that plaintiffs claim, which was filed almost fifteen years…
2Cases cited31 opinions
- Central Mortgage Co. v. Morgan Stanley Mortgage Capital Holdings LLCSupreme Court of Delaware · 2011
- Estate of Osborn Ex Rel. Osborn v. KempSupreme Court of Delaware · 2010
- Wal-Mart Stores, Inc. v. AIG Life InsuranceSupreme Court of Delaware · 2004
- Stifel Financial Corp. v. CochranSupreme Court of Delaware · 2002
- Bokat v. Getty Oil CompanySupreme Court of Delaware · 1970
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3Cited by103 opinions
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