GMF ELCM Fund L.P. v. ELCM HCRE GP LLC

IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE ) GMF ELCM FUND L.P., GMF ELCM ) LLC, GMF ELCM REGENCY I LLC, ) and GMF ELCM REGENCY II LLC, ) ) Plaintiffs, ) ) v. ) C.A. No. 2018-0840-SG ) ELCM HCRE GP LLC, ELCM ) SPONSOR I HOLDCO LLC, ELCM ) PARTNERS, LLC, ELCM ASSET ) MANAGER HOLDCO LLC, and ) ANDREW WHITE, ) ) Defendants, ) ) and ) ) EAST LAKE CAPITAL ) MANAGEMENT LLC, ELCM ) HEALTHCARE REAL ESTATE FUND ) LP, ELCM SPONSOR I LLC, and GMF ) RSL BUYER LLC, ) Nominal Defendants. MEMORANDUM OPINION Date Submitted: June 3, 2021 Date Decided: September 22, 2021 Daniel E. Ross and Bradley R.…