Editor’s note: The founders of Plimus are represented by K&L Gates and Morris James in this matter.
In a case arising out of the purchase by Great Hill Partners of Plimus (now known as BlueSnap Inc.), the Delaware Court of Chancery, after a 10-day trial and extensive post-trial briefing and oral argument, recently rejected all of the fraud-based claims made by Great Hill against the two founders of Plimus, Daniel Kleinberg and Tomer Herzog (the founders), who were also directors and major shareholders of Plimus at the time of the transaction. The court’s decision is notable for its rejection of several claims Great Hill pressed for years after initiating the litigation in September 2012.
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