1. Home
  2. Browse Decisions
  3. A.3d
  4. 6 A.3d
  5. 6 A.3d 238 (2010)
 

CML V, LLC v. BAX

C.A. No. 5373-VCL.

6 A.3d 238 (2010)

CML V, LLC, individually and derivatively on behalf of JetDirect Aviation Holdings, LLC, Plaintiff, v. John BAX, Gregory S. Campbell, Louis Cappelli, Jane Garvey, Steven M. Hankin, Paul M. Harrington, Donald Hebb, Jeffrey P. Kelly, James W. Marley, Robert P. Pinkas, Peter Sinatra, Stephanie Zimmerman, and JetDirect Aviation Holdings, LLC, Defendants, and JetDirect Aviation Holdings, LLC, Nominal Defendant.

Court of Chancery of Delaware.

Decided November 3, 2010.

Attorney(s) appearing for the Case

David A. Jenkins , Michele C. Gott , Smith, Katzenstein & Furlow LLP, Wilmington, Delaware; Joseph DiBenedetto , Michael J. Friedman , Winston & Strawn LLP, New York, New York; Attorneys for Plaintiff CML V, LLC.

Kevin S. Mann , Cross & Simon, LLC, Wilmington, Delaware; Brian E. O'Connor , Dan C. Kozusko , Timothy J. McGinn , Willkie Farr & Gallagher LLP, New York, New York; Attorneys for Defendants John Bax and Steven M. Hankin.

A. Gilchrist Sparks, III , Ryan D. Stottmann , Morris, Nichols, Arsht & Tunnell LLP, Wilmington, Delaware; Attorneys for Defendants Gregory S. Campbell, Louis Cappelli, Jane Garvey, Paul M. Harrington, Donald Hebb, James W. Marley, Peter Sinatra, and Stephanie Zimmerman.

A. Gilchrist Sparks, III , Ryan D. Stottmann , Morris, Nichols, Arsht & Tunnell LLP, Wilmington, Delaware; Jennifer Barrett , Hilary Ormond, Quinn Emanuel Urquhart & Sullivan, LLP, New York, New York, Attorneys for Defendant Jeffrey P. Kelly.

Thomas P. Preston , Alisa E. Moen , Elizabeth A. Sloan , Blank Rome LLP, Wilmington, Delaware; Attorneys for Defendants Robert P. Pinkas and JetDirect Aviation Holdings, LLC.

OPINION

LASTER, Vice Chancellor.

Plaintiff CML V, LLC ("CML") lent funds to JetDirect Aviation Holdings, LLC ("JetDirect" or the "Company"). JetDirect's operating subsidiaries are in bankruptcy, and the complaint plausibly pleads that JetDirect is insolvent. In Counts I-III, CML asserts derivative claims for breach of fiduciary duties against defendants John Bax, Gregory S. Campbell, Louis Cappelli, Jane Garvey, Steven M. Hankin, Paul M. Harrington...

Let's get started

Leagle.com

Welcome to the leading source of independent legal reporting
Sign on now to see your case.
Or view more than 10 million decisions and orders.

  • Updated daily.
  • Uncompromising quality.
  • Complete, Accurate, Current.

Listed below are the cases that are cited in this Featured Case. Click the citation to see the full text of the cited case. Citations are also linked in the body of the Featured Case.

Cited Cases

  • No Cases Found

Listed below are those cases in which this Featured Case is cited. Click on the case name to see the full text of the citing case.

Citing Cases