The Delaware Court of Chancery has ruled that a motion for default judgment alleging misconduct and ethical violations against the New York plaintiffs lawyer representing the owner of the decommissioned presidential yacht Sequoia in a lawsuit over a loan must be unsealed under Court of Chancery Rule 5.1. The court's decision is said to be the first major application of the rule since it went into effect earlier this year.
Vice Chancellor Sam Glasscock III issued a letter opinion last week ordering that an unredacted copy of the motion will be filed with the court in The Sequoia Presidential Yacht Group LLC v. FE Partners LLC.
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