Legal Opinion

Paciaroni v. Crane

Court of Chancery of Delaware

Decided September 18, 1979PublishedCited by 5 opinions

1Opinion of the Court

DECISION AFTER TRIAL

BROWN, Vice Chancellor.

This case presents the question of what is to be done with a valuable racehorse now that the partnership that owns him has suffered a falling out among the partners. The precise issue for decision appears to be without legal precedent in view of the unusual factual setting in which the parties now find themselves. These same facts also make the decision for the Court a delicate one. The circumstances giving rise to this problem may be summarized as follows.

The animal whose destiny hangs in the balance is Black Ace, a 3-year old, standard-bred…

2Cases cited5 opinions

  1. Trincia v. TestardiCourt of Chancery of Delaware · 1948
  2. Hurley v. HurleyCourt of Chancery of Delaware · 1952
  3. Hurley v. HurleyCourt of Chancery of Delaware · 1952
  4. Trincia v. TestardiCourt of Chancery of Delaware · 1947
  5. Fisher v. News-Journal Co.Court of Chancery of Delaware · 1941

3Cited by5 opinions

  1. Steeby v. FialColorado Court of Appeals · 1988
  2. In Re Pallet Reefer Co.United States Bankruptcy Court, E.D. Louisiana · 1999
  3. In re Coral Gables Luxury Holdings, a Delaware limited liability companyCourt of Chancery of Delaware · 2025
  4. Texas Pacific Land Corporation v. Horizon Kinetics LLCCourt of Chancery of Delaware · 2023
  5. United States v. Sanofi Aventis U.S. LLCSupreme Court of Delaware · 2020

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