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MOSCOWITZ v. THEORY ENTERTAINMENT LLC

C.A. No. 2019-0780-MTZ.

TODD MOSCOWITZ, Plaintiff, v. THEORY ENTERTAINMENT LLC, Defendant.

Court of Chancery of Delaware.

Decided: October 28, 2020.

Attorney(s) appearing for the Case

Stephen B. Brauerman , BAYARD, P.A., Wilmington, Delaware; Stanton L. Stein and Ashley R. Yeargan , RUSS, AUGUST & KABAT, Los Angeles, California, Attorneys for Plaintiff.

Kevin G. Abrams , Michael A. Barlow , and Joseph A. Sparco , ABRAMS & BAYLISS LLP, Wilmington, Delaware; Scott A. Edelman and Ilissa Samplin , GIBSON, DUNN & CRUTCHER LLP, Los Angeles, California, Attorneys for Defendant.

MEMORANDUM OPINION

ZURN, Vice Chancellor.

This is a case of contractor's remorse. The plaintiff is a former attorney and sophisticated businessman who has enjoyed great success in the music industry. The defendant company, a Delaware limited liability company, is a music label cofounded by the plaintiff. As a founding member of the company, the plaintiff received 25% ownership in the form of common and preferred units...

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