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VICHI v. KONINKLIJKE PHILIPS ELECTRONICS

C.A. No. 2578-VCP.

85 A.3d 725 (2014)

Carlo VICHI, Plaintiff, v. KONINKLIJKE PHILIPS ELECTRONICS, N.V., LG.Philips Displays Finance LLC, and LG.Philips Displays International Ltd., Defendants.

Court of Chancery of Delaware.

Decided: February 18, 2014.

Attorney(s) appearing for the Case

Rolin P. Bissell, Esq. , Tammy L. Mercer, Esq. , Paul J. Loughman, Esq. , Elisabeth S. Bradley, Esq. , Young Conaway Stargatt & Taylor, LLP, Wilmington, Delaware; David R. Marriott, Esq. , David Greenwald, Esq. , Cravath, Swaine & Moore, LLP, New York, New York; Attorneys for Plaintiff.

Raymond J. DiCamillo, Esq. , Susan M. Hannigan, Esq. , Richards, Layton & Finger, P.A., Wilmington, Delaware; Garrard R. Beeney, Esq. , John L. Hardiman, Esq. , William E. Schroeder, Esq. , Adam R. Brebner, Esq. , Sullivan & Cromwell LLP, New York, New York; Attorneys for Defendant Koninklijke Philips Electronics, N.V.

OPINION

PARSONS, Vice Chancellor.

This action arises out of a dispute between a Netherlands holding company, Koninklijke Philips N.V. ("Philips N.V." or "Defendant"), which controls a large, international business organization with hundreds of subsidiaries, and an Italian businessman, Carlo Vichi ("Vichi" or "Plaintiff"), who is the managing shareholder and founder of a large television manufacturing and sales company in Italy.

Philips N.V...

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