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NATIONWIDE EMERGING MANAGERS, LLC v. NorthPOINTE HOLDINGS, LLC

No. 441, 2014.

NATIONWIDE EMERGING MANAGERS, LLC, Defendant/Counter-Plaintiff Third-Party Plaintiff Below-Appellant, and NATIONWIDE CORPORATION, and NATIONWIDE MUTUAL INSURANCE CO., Defendants Below-Appellants, v. NORTHPOINTE HOLDINGS, LLC, Plaintiff/Counter-Defendant Below-Appellee, and NORTHPOINTE CAPITAL, LLC, PETER CAHILL, MARY CHAMPAGNE, ROBERT GLISE, MICHAEL HAYDEN, JEFFREY PETHERICK, STEPHEN ROBERTS, and CARL WILK, Third-Party Defendants Below-Appellees.

Supreme Court of Delaware.

Decided March 27, 2015.

Attorney(s) appearing for the Case

Colm F. Connolly, Esquire (argued), Morgan, Lewis & Bockius LLP, Wilmington, Delaware, for Appellants.

Bartholomew J. Dalton, Esquire , Dalton & Associates, P.A., Wilmington, Delaware; Jaye Quadrozzi, Esquire (argued), Rodger D. Young, Esquire , Young & Associates, Farmington Hills, Michigan, for Appellees.

Before STRINE, Chief Justice; VAUGHN, Justice; and LASTER, Vice Chancellor.

I. INTRODUCTION

When a buyer and seller negotiate a detailed contract, Delaware law requires that the contract's express terms be honored,1 and prevents a party who has after-the-fact regrets from using the implied covenant of good faith and fair dealing to obtain in court what it could...

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