Seven Investments, LLC v. AD Capital, LLC
Court of Chancery of Delaware
1Opinion of the Court
OPINION
LASTER, Vice Chancellor.
Plaintiff Seven Investments, LLC and defendant AD Capital, LLC agreed to combine their investment management operations into a single firm to be known as Canvas Companies, LLC. After coming to believe that AD Capital was engaged in fraud, Seven Investments terminated the arrangement. In a formal termination agreement dated as of April 3, 2009 (the “Termination Agreement” or “TA”), Seven Investments agreed to pay certain enumerated expenses, and the parties granted each other expansive global releases. In this action, Seven Investments asserts wide-ranging claims…
2Cases cited14 opinions
- Emerald Partners v. BerlinSupreme Court of Delaware · 1999
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- Deuley v. DynCorp International, Inc.Supreme Court of Delaware · 2010
- Adams v. JankouskasSupreme Court of Delaware · 1982
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