The Delaware Court of Chancery has granted a defendant’s motion to stay a derivative lawsuit filed against him because he initiated litigation in Texas involving the same facts and parties prior to the plaintiff’s decision to pursue legal action against him in Delaware.
Vice Chancellor John W. Noble issued the 24-page opinion November 20 inBrookstone Partners Acquisition XVI LLC v. Tanus .
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
