Midland Food Services, LLC v. Castle Hill Holdings V, LLC

OPINION

STRINE, Vice Chancellor.

In this action, the Midland Companies seek to recover damages and obtain other relief from their prior owner-operator, Ronald Saverin, and defendants affiliated with Saverin. The Midland Companies base all of their claims on Saverin’s actions while he was their owner and operator. Because the current owner of the Midland Companies was assigned its interest from corporations that acquired their shares directly from Saverin, after his alleged wrongdoing occurred, I find that the Mid land Companies’ claims are barred by the doctrine articulated by the United States…