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State Courts -
Delaware - May 15 - May 16, 2007
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MetCap Secs. LLC v. Pearl Senior Care, Inc., C.A. No. 2129-VCN,
COURT OF CHANCERY OF DELAWARE, NEW CASTLE, May 16, 2007, Decided, May 16, 2007, Filed
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Overview: Financial advisor's fraud, third party, and reformation claims against companies that assumed the obligations of a business entity that retained the advisor in a merger were dismissed because the companies owed the advisor no duty of disclosure, and the advisor was not a party to or third party beneficiary of the merger agreement and its amendment.
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