Publication Date: 2020-02-19
Practice Area: Business Torts
Industry: Insurance
Court: Court of Chancery
Judge: Vice Chancellor Slights
Attorneys: For plaintiff: Peter B. Andrews, Craig J. Springer, and David M. Sborz, Andrews & Springer LLC, Wilmington, DE; Edward F. Haber, Thomas V. Urmy, Jr., Patrick J. Vallely, and Michelle H. Blauner, Shapiro Haber & Urmy LLP, Boston, MA for plaintiffs.
for defendant: Daniel A. Dreisbach, Srinivas M. Raju, Susan M. Hannigan, Sarah A. Clark, and Angela Lam, Richards, Layton & Finger, P.A., Wilmington, DE; Reid L. Ashinoff and Gary Meyerhoff, Dentons US LLP, New York, NY for defendants.
Case Number: D68878
Plaintiffs entitled to insurance benefits or sales commissions had standing to bring a Delaware Uniform Fraudulent Transfer Act claim where they could seek to reverse transfers that allegedly posed "material risk of harm" to their payments before the transfers resulted in dissipation of the assets.