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STERN v. LF CAPITAL PARTNERS, LLC

Civ.A. No. 19218.

820 A.2d 1143 (2003)

Edouard STERN and Mainz Holdings Limited, Plaintiffs, v. LF CAPITAL PARTNERS, LLC and Lazard Frères & Co., LLC, Defendants.

Court of Chancery of Delaware, New Castle County.

Decided: January 10, 2003.

Revised: January 27, 2003.

Attorney(s) appearing for the Case

Edward M. McNally, and P. Clarkson Collins, Jr., Morris, James, Hitchens & Williams, LLP, Wilmington, and Stanley S. Arkin, Hyman L. Schaffer, and Timothy A. Greenselder, Arkin, Kaplan & Cohen, LLP, New York City, for Plaintiffs.

Anne C. Foster, and Deborah Duskey, Richards, Layton & Finger, PA, Wilmington, and Thomas G. Rafferty, Cravath, Swaine & Moore, New York City, for Defendants.

OPINION AND ORDER

LAMB, Vice Chancellor.

I.

Effective June 1, 2001, this court adopted a new Rule 15(aaa) regarding amendments to pleadings. The purpose of that rule was to eliminate (or at least sharply curtail) instances in which this court is required to adjudicate multiple motions to dismiss the same action. Rule 15(aaa) is designed to accomplish that objective by requiring plaintiffs, when confronted by a motion to dismiss pursuant...

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