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SI MANAGEMENT L.P. v. WININGER

No. 457, 1997.

707 A.2d 37 (1998)

SI MANAGEMENT L.P., a Limited Partnership, Synthetic Management G.P., a General Partnership, Leonard Chill, Jon P. Beckman, W. Wayne Freed, Ralph Kenner, W. Gardner Wright, Chill Investments, Inc., Beckman Investments, Inc., Freed Investments, Inc., Kenner Investments, Inc., Wright Investments, Inc., and Synthetic Industries, L.P., a Delaware Limited Partnership, Defendants Below, Appellants, v. Dwight E. WININGER and Gary T. Charlebois, on behalf of themselves and all others similarly situated, and derivatively on behalf of Synthetic Industries, L.P., Plaintiffs Below, Appellees.

Supreme Court of Delaware.

Decided: March 19, 1998.

Attorney(s) appearing for the Case

A. Gilchrist Sparks, III, and R. Judson Scaggs, Jr., of Morris, Nichols, Arsht & Tunnell, Wilmington; Bruce D. Angiolillo (argued); Simpson Thacher & Bartlett, New York City, of Counsel, for Appellants.

Craig B. Smith, David A. Jenkins (argued), and Michele C. Gott of Smith, Katzenstein & Furlow, L.L.P., Wilmington; and Derek G. Howard, Gilmur R. Murray, and Alex J. Luchenitser, of the Mills Law Firm, Greenbrae, CA, for Appellees.

Before VEASEY, C.J., HOLLAND and HARTNETT, JJ.

VEASEY, Chief Justice:

In this interlocutory appeal of a preliminary injunction entered by the Court of Chancery, we affirm, finding that the trial court did not abuse its discretion. The underlying question of contract interpretation presented here in the context of a limited partnership agreement is an important one of first impression in this jurisdiction.

On the limited record before the trial court on the motion...

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