OLENIK v. LODZINSKI

No. 392, 2018.

208 A.3d 704 (2019)

Nicholas OLENIK, Individually and on Behalf of All Others Similarly Situated, Plaintiff Below, Appellant, v. Frank A. LODZINSKI, Ray Singleton, Douglas E. Swanson, Brad Thielemann, Robert L. Zorich, Jay F. Joliat, Zachary G. Urban, EnCap Investments L.P., Bold Energy III LLC, Bold Energy Holdings, LLC and Oak Valley Resources, LLC, Defendants Below, Appellees, and Earthstone Energy, Inc., a Delaware Corporation, Nominal Defendant Below, Appellee.

Supreme Court of Delaware.

Decided: April 5, 2019.

Revised: April 11, 2019.


Attorney(s) appearing for the Case

Jeremy S. Friedman, Esquire , Spencer Oster, Esquire , and David F.E. Tejtel, Esquire , Friedman Oster & Tejtel, PLLC, New York, New York; Ned Weinburger, Esquire (argued), and Thomas Curry, Esquire , Labaton Sucharow LLP, Wilmington, Delaware; Peter B. Andrews, Esquire , Craig J. Springer, Esquire , and David Sborz, Esquire , Andrews & Springer LCC, Wilmington, Delaware, for Appellant, Nicholas Olenik.

Kenneth J. Nachbar, Esquire (argued), D. McKinley Measley, Esquire , and Lauren Neal Bennett, Esquire , Morris, Nichols, Arsht & Tunnell LLP, Wilmington, Delaware; Gerard G. Pecht, Esquire , Norton Rose Fulbright US LLP, Houston, Texas; Peter A. Stokes, Esquire , and William Patrick Courtney, Esquire , Norton Rose Fulbright US LLP, Austin, Texas, for Appellees Frank A. Lodzinski, Ray Singleton, Bold Energy III LLC, and Earthstone Energy, Inc.

Rolin P. Bissell, Esquire , and James M. Yoch, Jr., Esquire , Young Conaway Stargatt & Taylor, LLP, Wilmington, Delaware; Michael C. Holmes, Esquire , Craig E. Zieminski, Esquire , Stephen S. Gilstrap , R. Kent Piacenti, Esquire , and Jeffrey Crough, Esquire , Vinson & Elkins LLP, Dallas, Texas for Appellees Douglas E. Swanson, Brad Thielemann, Robert L. Zorich, EnCap Investments L.P., Bold Energy Holdings, LLC, and Oak Valley Resources, LLC.

Before STRINE, Chief Justice; VALIHURA, and SEITZ, Justices.


Nicholas Olenik, a stockholder of nominal defendant Earthstone Energy, Inc., brought class and derivative claims against the defendants challenging a business combination between Earthstone and Bold Energy III LLC. As alleged in the complaint, EnCap Investments L.P. controlled Earthstone and Bold and caused Earthstone stockholders...

Let's get started

Leagle.com

Welcome to the leading source of independent legal reporting
Sign on now to see your case.
Or view more than 10 million decisions and orders.

  • Updated daily.
  • Uncompromising quality.
  • Complete, Accurate, Current.

Listed below are the cases that are cited in this Featured Case. Click the citation to see the full text of the cited case. Citations are also linked in the body of the Featured Case.

Cited Cases

  • No Cases Found

Listed below are those cases in which this Featured Case is cited. Click on the case name to see the full text of the citing case.

Citing Cases