Publication Date: 2021-01-27
Practice Area: Corporate Entities
Industry: Energy
Court: Court of Chancery
Judge: Vice Chancellor Fioravanti
Attorneys: For plaintiff: Michael J. Barry, Rebecca Musarra, Grant & Eisenhofer, P.A., Wilmington, DE; Gordon Z. Novod, Grant & Eisenhofer, P.A., New York, NY; Peter B. Andrews, Craig J. Springer, Jessica Zeldin, David M. Sborz, Andrews & Springer LLC, Wilmington, DE; Jeremy Friedman, Spencer Oster, David Tejtel, Friedman Oster & Tejtel PLLC, New York, NY for plaintiff.
for defendant: Myron T. Steele, Matthew F. Davis, Jaclyn C. Levy, Potter, Anderson & Corroon LLP, Wilmington, DE; David T. Moran, Christopher R. Bankler, Jackson Walker L.L.P., Dallas, TX; David J. Teklits, Kevin M. Coen, Morris, Nichols, Arsht & Tunnell LLP, Wilmington, DE; Mark Oakes and Ryan Meltzer, Norton Rose Fulbright US LLP, Austin, TX; John Byron, Norton Rose Fulbright US LLP, Houston, TX; Srinivas M. Raju, Robert L. Burns, Matthew D. Perri, Richards, Layton & Finger, P.A., Wilmington, DE; Greg Waller, Hunton Andrews Kurth L.L.P., Houston, TX for defendants.
Case Number: D69272
Bankruptcy trustee could not substitute for derivative plaintiff and assert claims subject to final judgment on behalf of the company where the "newly discovered evidence" in support of relief from judgment was in the company's possession and therefore knowledge of the evidence would be imputed to the trustee.