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DWECK v. NASSER

C.A. No. 1353-VCL.

959 A.2d 29 (2008)

Gila DWECK, Success Apparel LLC and Premium Apparel Brands LLC, Plaintiffs/Counterclaim Defendants, v. Albert NASSER and Kids International Corporation, Defendants/Counterclaim Plaintiffs, and Kevin Taxin and Bruce Fine, Third-Party Defendants.

Court of Chancery of Delaware.

Decided: July 2, 2008.

Attorney(s) appearing for the Case

Bruce L. Silverstein, Esquire, Martin S. Lessner, Esquire, Kathaleen McCormick, Esquire, Young Conaway Stargatt & Taylor, LLP, Wilmington, Delaware; John H. Reichman, Esquire, Meagan A. Zapotocky, Esquire, Wachtel & Masyr, LLP, New York, New York, Attorneys for the Plaintiffs/Counterclaim Defendants, and Third-Party Defendants.

Samuel A. Nolen, Esquire, Catherine G. Dearlove, Esquire, Richard P. Rollo, Esquire, Seth Barrett Tillman, Esquire, Thomas A. Uebler, Esquire, Scott W. Perkins, Esquire, Richards Layton & Finger, P.A., Wilmington, Delaware, Attorneys for the Defendants/Third-Party Plaintiffs.

OPINION

LAMB, Vice Chancellor.

A minority stockholder, and former president, chief executive officer, and director of a closely held corporation seeks to enforce a settlement agreement terminating the litigation between herself and the defendant, the majority stockholder. On November 19, 2007, a long-time attorney, business associate, and close personal friend of the defendant agreed to a settlement after protracted negotiations.

Even though...

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