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NEURVANA MEDICAL, LLC v. BALT USA, LLC

C.A. No. 2019-0034-KSJM.

NEURVANA MEDICAL, LLC, a Delaware limited liability company, Plaintiff, v. BALT USA, LLC, a Delaware limited liability company, BALT INTERNATIONAL, a French S.A.S., DAVID FERRERA, an individual, and PASCAL GIRIN, an individual, Defendants.

Court of Chancery of Delaware.

Decided: February 27, 2020.

Attorney(s) appearing for the Case

Jason A. Cincilla , Amaryah K. Bocchino , Ryan W. Browning , Tye C. Bell , MANNING GROSS + MASSENBURG LLP, Wilmington, Delaware; John M. Pierce , Michael M. Pomerantz , Elizabeth C. DeGori , Matthew J. Kokot , PIERCE BAINBRIDGE BECK PRICE & HECHT LLP, New York, New York; Counsel for Plaintiff Neurvana Medical, LLC.

Lori W. Will , Phillip R. Sumpter , Daniyal M. Iqbal , Jeremy W. Gagas , WILSON SONSINI GOODRICH & ROSATI, P.C., Wilmington, Delaware; Dylan J. Liddiard , Charles A. Talpas , WILSON SONSINI GOODRICH & ROSATI, P.C., Palo Alto, California; Brian J. Levy , WILSON SONSINI GOODRICH & ROSATI, P.C., New York, New York; Counsel for Defendants Balt USA, LLC, Balt International, S.A.S., David Ferrera, and Pascal Girin.

MEMORANDUM OPINION

The main plot in this case follows one trending storyline—that of the post-closing earn-out dispute. The plaintiff, Neurvana Medical, LLC ("Neurvana") sold a medical device that required regulatory approval and commercialization. In an effort to allocate the risk associated with the device, the...

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