Sun Life Assurance Company of Canada - U.S. Operations Holdings, Inc. v. Group One Thousand One, LLC f/k/a Delaware Life Holdings, LLC

This dispute arose from Defendant's purchase of several of Plaintiff's subsidiaries. Plaintiff and Defendant entered into a stock purchase agreement governing the sale. Plaintiff initiated this breach of contract action against Defendant for failing to pay over a tax refund that Plaintiff contends belongs to it under the stock purchase agreement. Defendant moved to dismiss or transfer the action under the stock purchase agreement's forum selection clause, which designates the Delaware Court of Chancery as the parties' first choice of forum for any action arising out of the agreement.

The…