FIKE v. RUGER

No. 604, 1999.

752 A.2d 112 (2000)

Vivian H. FIKE and Robert Wilson, Plaintiffs Below, Appellants, v. Thomas L. RUGER, Eris Marie Scott, as Administratrix of the Estate of Virgil Scott, Jr., Descomp, Inc., Data Controls North, Inc., and Del-Chapel Associates, Defendants Below, Appellees.

Supreme Court of Delaware.

Decided: May 4, 2000.

Rehearing Denied May 31, 2000.


Attorney(s) appearing for the Case

Jeffrey S. Goddess, Rosenthal, Monhait, Gross & Goddess, P.A., Wilmington, for Appellants.

Jeoffrey L. Burtch (argued) and Gregory J. Weinig, Cooch and Taylor, Wilmington, for Appellees.

Before VEASEY, Chief Justice, WALSH, and HOLLAND, Justices.


PER CURIAM:

This is an appeal from a decision of the Court of Chancery granting summary judgment in favor of the defendants in an accounting action arising out of a financially unsuccessful joint venture. We agree with the Court of Chancery's determination that the plaintiffs' claims are barred, as a matter of law, by the equitable doctrine of laches. Accordingly, we affirm.

I

Del-Chapel Associates is a joint venture formed in 1979 to purchase, hold...

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