Legal Opinion
Danenberg v. Fitracks, Inc.
Court of Chancery of Delaware
Decided March 5, 2012No. C.A. No. 6454-VCLPublishedCited by 77 opinions
1Opinion of the Court
OPINION
LASTER, Vice Chancellor.
The parties dispute the amount that defendant Fitracks, Inc. must advance to Noam Danenberg in connection with his defense of claims asserted against him by Aetrex Worldwide, Inc., Fitracks’ parent, in litigation pending before the United States District Court for the District of Delaware (the “Underlying Action”). They also dispute the amount that Fi-tracks must pay Danenberg as indemnification for this proceeding. I award Dan-enberg $292,019.91 in advancements and $276,332.13 in indemnification.
I. FACTUAL BACKGROUND
The factual background to this dispute is set…
2Cases cited15 opinions
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