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APPLIED ENERGETICS, INC. v. FARLEY

C.A. No. 2018-0489-JTL.

239 A.3d 409 (2020)

APPLIED ENERGETICS, INC., a Delaware Corporation, Plaintiff, v. George FARLEY, an individual, and AnneMarieco., LLC, a New Jersey limited liability company, Defendants.

Court of Chancery of Delaware.

Decided August 3, 2020.

Attorney(s) appearing for the Case

Jason C. Jowers , Elizabeth A. Powers , BAYARD, P.A., Wilmington, Delaware; Patricia A. Winston , Ian D. McCauley , Kathleen A. Murphy , Kirsten A. Zeberkiewicz , MORRIS JAMES LLP, Wilmington, Delaware; David A. Robinson , Benjamin P. Pugh , ENTERPRISE COUNSEL GROUP, A LAW CORPORATION, Irvine, California; Counsel for Plaintiff.

Kathleen M. Miller , SMITH, KATZENSTEIN & JENKINS LLP, Wilmington Delaware; Ryan J. Whalen , GUSRAE KAPLAN NUSBAUM PLLC, New York, New York; Counsel for Defendants.

OPINION

Plaintiff Applied Energetics, Inc. (the "Company") has sued George Farley, its former director and principal executive officer, and AnneMarieCo, LLC, an entity owned by Farley's wife and children. The Company has asserted a variety of claims based on actions Farley took to issue himself twenty-five million shares of...

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