Legal Opinion
Knightek, LLC v. Jive Commc'ns, Inc.
Superior Court of Delaware
Decided October 23, 2018No. C.A. No. N18C-04-260 JRJPublishedCited by 1 opinion
1Opinion of the CourtJurden, P.J.
I. INTRODUCTION
This dispute arises from Defendant, Jive Communication, Inc.'s ("Jive"),1 purchase of a business from Plaintiff, KnighTek, LLC ("KnighTek"),2 and a related entity. Following the purchase, KnighTek sued Jive for rescission based on fraudulent misrepresentation and fraudulent concealment. Jive suggests this is a case of seller's remorse - the principal of KnighTek, Erik Knight ("Knight") is "simply unhappy with the financial terms of a commercial buyout that he initiated and then negotiated at arm's length,"3 and argues there is no well-pled misrepresentation or concealment.4…
2Cases cited27 opinions
- Malpiede v. TownsonSupreme Court of Delaware · 2001
- In Re Santa Fe Pacific Corp. Shareholder LitigationSupreme Court of Delaware · 1995
- Atherton v. Federal Deposit Insurance Corp.Supreme Court of the United States · 1997
- Price v. E.I. DuPont De Nemours & Co.Supreme Court of Delaware · 2011
- H-M Wexford LLC v. Encorp, Inc.Court of Chancery of Delaware · 2003
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3Cited by1 opinion
- Knightek, LLC v. Jive Communications, Inc.Supreme Court of Delaware · 2020