W. Coast Opportunity Fund, LLC v. Credit Suisse Secs. (USA), LLC, 474, 2009
In defendant's appeal from the court of chancery's partial grant of judgment on the pleadings to plaintiff, holding that a "lockup" agreement prohibiting a transfer of stock did not govern the transfer of pledged shares to the plaintiff below, the matter is remanded where, during oral argument on appeal, the parties and the Supreme Court raised legal issues that had not been fully developed in the parties' pleadings and briefs.
- Submitted 03/10/2010
- Decided 05/18/2010
- Published 05/18/2010
- JACOBS, Justice., Before STEELE, Chief Justice, HOLLAND, BERGER, JACOBS and RIDGELY, Justices, constituting the Court en Banc.
- Supreme Court of Delaware
- For Appellant:
- Daniel A. Dreisbach (argued), Scott W. Perkins and Peter C. Wood, Jr., Esquires, of Richards, Layton & Finger, P.A., Wilmington, Delaware, for Appellant.
- For Appellees:
- Daniel B. Rath and Rebecca L. Butcher, Esquires, of Landis Rath & Cobb LLP, Wilmington, Delaware; Of Counsel: Allan N. Taffet (argued) and Brian A. Burns, Esquires, of Duval & Stachenfeld LLP, New York, New York; for Appellee.