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URDAN v. WR CAPITAL PARTNERS, LLC

C.A. No. 2018-0343-JTL.

JONATHAN URDAN and WILLIAM WOODWARD, Plaintiffs, v. WR CAPITAL PARTNERS, LLC., a Delaware limited liability company, WR E3 HOLDINGS, LLC, a Delaware limited liability company, HENRI TALERMAN, FRANK E. WALSH III, and BRADLEY D. KNYAL, Defendants, and ENERGY EFFICIENT EQUITY, INC., a Delaware corporation, Nominal Defendant.

Court of Chancery of Delaware.

Decided: August 19, 2019.

Attorney(s) appearing for the Case

Elena C. Norman , Benjamin M. Potts , YOUNG CONAWAY STARGATT & TAYLOR, LLP, Wilmington, Delaware; Louis R. Miller , Daniel S. Miller , Jeffery B. White , MILLER BARONDESS, LLP, Los Angeles, California; Counsel for Plaintiffs.

Kenneth J. Nachbar , Alexandra M. Cumings , MORRIS, NICHOLS, ARSHT & TUNNELL LLP, Wilmington, Delaware; Counsel for Defendants.

MEMORANDUM OPINION

A co-founder of a company and one of its early investors sued a private equity fund, its affiliates, and the two fund principals who served on the company's board of directors. The plaintiffs allege that after loaning the company funds and gaining representation on the board, the defendants used the rights...

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