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CULVERHOUSE v. PAULSON & CO. INC.

No. 349, 2015.

133 A.3d 195 (2016)

Hugh F. CULVERHOUSE, individually and on behalf of all others similarly situated, Plaintiff-Appellant, v. PAULSON & CO. INC. and Paulson Advisers, LLC, Defendants-Appellees.

Supreme Court of Delaware.

Decided: January 26, 2016.

Attorney(s) appearing for the Case

Richard L. Renck, Esquire , Duane Morris LLP, Wilmington, Delaware, Of Counsel: Robert M. Palumbos, Esquire (argued), Duane Morris LLP, Philadelphia, Pennsylvania, Harvey W. Gurland, Jr., Esquire , Felice K. Schonfeld, Esquire , Duane Morris LLP, Miami, Florida, Lawrence A. Kellogg, Esquire, Jason Kellogg, Esquire , Levine Kellogg Lehman Schneider & Grossman LLP, Miami, Florida, for Plaintiff Below-Appellant, Hugh Culverhouse.

Gregory E. Stuhlman, Esquire , Greenberg Traurig, LLP, Wilmington, Delaware, Of Counsel: Richard A. Edlin, Esquire (argued), Greenberg Traurig, LLP, New York, New York, for Defendants Below-Appellees, Paulson & Co. Inc. and Paulson Advisers, LLC.

Before STRINE, Chief Justice; HOLLAND, VALIHURA, VAUGHN, and SEITZ, Justices, constituting the Court en Banc.

The United States Court of Appeals for the Eleventh Circuit has certified the following question of law arising out of an appeal from a decision by the United States District Court for the Southern District of Florida:

Does the diminution in the value of a limited liability company, which serves as a feeder fund in a limited...

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