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URDAN v. WR CAPITAL PARTNERS, LLC

No. 423, 2019.

244 A.3d 668 (2020)

Jonathan URDAN, an individual and William Woodward, an individual, Plaintiffs Below, Appellants, v. WR CAPITAL PARTNERS, LLC, a Delaware limited liability company, WR E3 Holdings, LLC, a Delaware limited liability company, Henri Talerman, an individual, and Frank W. Walsh III, an individual, Defendants Below, Appellees, and Energy Efficient Equity, Inc., a Delaware corporation, Nominal Defendant Below.

Supreme Court of Delaware.

Decided: December 8, 2020.

Attorney(s) appearing for the Case

Elena C. Norman, Esquire , Benjamin M. Potts, Esquire , YOUNG CONAWAY STARGATT & TAYLOR, LLP, Wilmington, Delaware; Louis R. Miller, Esquire , Daniel S. Miller, Esquire , Jeffery B. White, Esquire , (argued), MILLER BARONDESS, LLP, Los Angeles, California; Attorneys for Appellants Jonathan Urdan and William Woodward.

Kenneth J. Nachbar, Esquire , (argued), Alexandra M. Cumings, Esquire , MORRIS, NICHOLS, ARSHT & TUNNELL LLP, Wilmington, Delaware; Attorneys for Appellees WR Capital Partners, LLC, WR E3 Holdings, LLC, Henri Talerman, and Frank E. Walsh III.

Before SEITZ, Chief Justice; VALIHURA, TRAYNOR, and MONTGOMERY-REEVES, Justices, and RENNIE, Judge, constituting the Court en Banc.

The plaintiffs now appellants were two of three founding owners, investors, and directors of Energy Efficient Equity, Inc. ("E3" or the "Corporation"), a Delaware corporation operating in the property-assessed, clean-energy financing industry. After a series of financing transactions with WR Capital Partners, LLC ("WR Capital...

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