Mark E. Felger, left, and Kaan Ekiner, right, of Cozen O'Connor. Courtesy photos Chancery Declines Jurisdiction Over Contract and Tort Claims Not Arising Out of LLC Agreement
In Ramco Asset Management v. USA Rare Earth, 2023 WL 6939263 (Del. Ch. Oct. 20, 2023), Vice Chancellor Sam Glasscock III considered jurisdictional…
March 06, 2024 at 09:00 AM
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In Ramco Asset Management v. USA Rare Earth, 2023 WL 6939263 (Del. Ch. Oct. 20, 2023), Vice Chancellor Sam Glasscock III considered jurisdictional challenges to contract and tort claims arising out of an alleged dilution of equity in connection with a transfer of holdings to a Delaware LLC. The court's decision analyzes specific jurisdiction over non-resident managers in the context of a forum selection provision and demonstrates the limits of Delaware's manager consent statute, 6 Del. C. Section 18-109.
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