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BEARD RESEARCH, INC. v. KATES

Civil Action No. 1316-VCP.

8 A.3d 573 (2010)

BEARD RESEARCH, INC. and CB Research & Development, Inc., Plaintiffs, v. Michael J. KATES, ASDI, Inc., Advanced Synthesis Group, Inc., Alan Blize, Garry Smith, Michael Wagaman, and Stephen Jones, Defendants.

Court of Chancery of Delaware.

Decided: April 23, 2010.

Attorney(s) appearing for the Case

James S. Green, Esquire , R. Karl Hill, Esquire , Kevin A. Guerke, Esquire , Seitz, Van Ogtrop & Green, P.A., Wilmington, Delaware, Attorneys for Plaintiffs.

John A. Elzufon, Esquire , Elzufon, Austin, Reardon, Tarlov & Mondell, P.A., Wilmington, Delaware, Attorneys for Defendants Michael J. Kates , Garry Smith , Michael Wagaman , Steven Jones , and Advanced Synthesis Group, Inc.

Barry M. Willoughby, Esquire , John W. Shaw, Esquire , Elena C. Norman, Esquire , Young, Conaway, Stargatt & Taylor, LLP, Wilmington, Delaware, Attorneys for Defendants ASDI, Inc. and Alan Blize.

OPINION

PARSONS, Vice Chancellor.

Plaintiffs, two companies once involved in the development and sale of chemical compounds, brought this action against a number of business competitors and former employees claiming they were the victim of a scheme by these entities and individuals to put them out of business. Plaintiffs, Charles Beard Research & Development, Inc. ("CB") and Beard Research, Inc. ("BR," collectively, with CB, "Plaintiffs"), hired Michael...

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