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FINGER LAKES CAPITAL PARTNERS, LLC v. HONEOYE LAKE ACQUISITION, LLC

No. 42, 2016.

151 A.3d 450 (2016)

FINGER LAKES CAPITAL PARTNERS, LLC, Plaintiff and Counterclaim Defendant Below, Appellant, v. HONEOYE LAKE ACQUISITION, LLC, and Lyrical Opportunity Partners, L.P., Defendants and Counterclaim Plaintiffs Below, Appellees.

Supreme Court of Delaware.

Decided: November 14, 2016.

Attorney(s) appearing for the Case

Andrew D. Cordo, Esquire and Toni-Ann Platia, Esquire , Ashby & Geddes, Wilmington, Delaware; Stuart Kagen, Esquire (argued) and Kyla Grant, Esquire , Kagen Law Firm, New York, New York, for Plaintiff and Counterclaim Defendant, Appellant, Finger Lakes Capital Partners LLC.

David A. Jenkins, Esquire , Smith Katzenstein & Jenkins LLP, Wilmington, Delaware; Bijan Amini, Esquire (argued) and John W. Brewer, Esquire , Storch Amini & Munves PC, New York, New York, for Defendants and Counterclaim Plaintiffs, Appellees, Honeoye Lake Acquisition, LLC and Lyrical Opportunity Partners, L.P.

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

I.

In 2003, Zubin Mehta and Gregory Shalov formed Finger Lakes Capital Partners as an investment vehicle to own several operating companies. Mehta and Shalov contacted Lyrical Partners L.P. to participate in their venture. Lyrical was the money partner, and Mehta and Shalov would manage the investments. The parties signed...

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