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State Courts -
Delaware - May 25 - May 26, 2004
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Aeroglobal Capital Mgmt., L.L.C. v. First Islamic Inv. Bank, E.C., Civil Action No. 01C-11-127 (CHT),
SUPERIOR COURT OF DELAWARE, NEW CASTLE, May 25, 2004, Decided , May 25, 2004, Filed
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Overview: Since a bank availed itself of the laws of Delaware, it was subject to its jurisdiction. However, as the company itself breached and anticipatorily repudiated the letter of intent, summary judgment was granted in favor of the bank.
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