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GMG CAPITAL INV. v. ATHENIAN VENTURE

Nos. 514, 2010, 614, 2010.

36 A.3d 776 (2012)

GMG CAPITAL INVESTMENTS, LLC, a Delaware Limited Liability Company, GMG Capital Partners III, L.P., a Delaware Limited Partnership, GMG Capital Partners III Companion Fund, L.P., a Delaware Limited Partnership, and GMS Capital Partners II, L.P., Defendants Below-Appellants, v. ATHENIAN VENTURE PARTNERS I, L.P. and Athenian Venture Partners II, L.P., Plaintiffs Below-Appellees. GMG Capital Investments, LLC, a Delaware Limited Liability Company, GMG Capital Partners III, L.P., a Delaware Limited Partnership, GMG Capital Partners III Companion Fund, L.P., a Delaware Limited Partnership, and GMS Capital Partners II, L.P., Defendants Below-Appellants, v. Athenian Venture Partners I, L.P. and Athenian Venture Partners II, L.P., Plaintiffs Below-Appellees.

Supreme Court of Delaware.

Decided: January 3, 2012.

Attorney(s) appearing for the Case

Michael D. Goldman, Esquire , Timothy R. Dudderar, Esquire (argued), Abigail M. LeGrow, Esquire , and Matthew D. Stachel, Esquire of Potter Anderson & Corroon LLP, Wilmington, Delaware, and Brian P. Fagan, Esquire , Keevican Weiss Bauerle & Hirsh LLC, Pittsburgh, Pennsylvania for Appellants.

R. Judson Scaggs, Jr., Esquire (argued), Leslie A. Polizoti, Esquire , and Karl G. Randall, Esquire of Morris, Nichols, Arsht & Tunnell LLP, Wilmington, Delaware, for Appellees.

Before STEELE, Chief Justice, HOLLAND, BERGER, JACOBS, and RIDGELY, Justices, constituting the Court en Banc.

RIDGELY, Justice:

Defendants-Below/Appellants GMG Capital Investments, LLC, GMG Capital Partners III, L.P., GMG Capital Partners III Companion Fund, L.P., and GMS Capital Partners II, L.P. (collectively, "GMG"), appeal from a Superior Court opinion and order granting summary judgment in favor of Plaintiffs-Below/Appellees Athenian Venture Partners I, L.P. and Athenian Venture Partners II, L.P. (collectively, "Athenian") in this dispute over the remedy for a breach...

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