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KLEIN v. WASSERMAN

C.A. No. 2017-0643-KSJM.

JOHN H. KLEIN and CAMBRIDGE THERAPEUTIC TECHNOLOGIES, LLC, Plaintiffs, v. MARC WASSERMAN, ROBERT BRESLOW, and MONICA BRESLOW, Defendants.

Court of Chancery of Delaware.

Decided: May 29, 2019.

Attorney(s) appearing for the Case

Michael F. Bonkowski , Andrew L. Cole , COLE SCHOTZ P.C., Wilmington, Delaware; Steven R. Klein , Rachel A. Mongiello , COLE SCHOTZ P.C., Hackensack, New Jersey; Counsel for Plaintiffs John H. Klein and Cambridge Therapeutic Technologies, LLC.

Lisa A. Schmidt , Matthew D. Perri , RICHARDS, LAYTON & FINGER, P.A., Wilmington, Delaware; Joseph L. Fogel , Michael P. Kornak , FREEBORN & PETERS LLP, Chicago, Illinois; Counsel for Defendants Marc Wasserman, Robert Breslow, and Monica Breslow.

MEMORANDUM OPINION

In June 2016, defendants Monica and Robert Breslow invested $12.5 million in plaintiff Cambridge Therapeutic Technologies, LLC ("CTT"). The plaintiffs allege that after investing, the Breslows exhibited buyer's remorse. They pressed for a buy-out of their equity stake and, to achieve this outcome, enlisted...

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