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GXP CAPITAL, LLC v. ARGONAUT, MFG., INC.

Nos. 247, 2020 and 248, 2020.

253 A.3d 93 (2021)

GXP CAPITAL, LLC, a Nevada limited liability company, Plaintiff Below, Appellant, v. ARGONAUT MANUFACTURING SERVICES, INC., a Delaware corporation, Telegraph Hill Partners III, L.P., a Delaware limited partnership, and Telegraph Hill Partners III Investment Management, LLC, a Delaware limited liability company, Defendants Below, Appellees.

Supreme Court of Delaware.

Decided: May 20, 2021.

Attorney(s) appearing for the Case

David L. Finger, Esq. (argued), FINGER & SLANINA, LLC, Wilmington, Delaware; Attorney for Plaintiff-Appellant GXP Capital LLC.

John L. Reed, Esq. (argued), Peter H. Kyle, Esq. , DLA PIPER LLP (US), Wilmington Delaware; Brian A. Foster, Esq. , and Julie Gryce, Esq. , DLA PIPER LLP (US), San Diego, California; Attorneys for Defendants-Appellees Argonaut Manufacturing Services, Inc., Telegraph Hill Partners III, L.P., and Telegraph Hill Partners III Investment Management, LLC.

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

GXP Capital, LLC filed two lawsuits against the defendants in different federal courts. GXP alleged that the defendants violated non-disclosure agreements by using confidential information to buy key assets at bargain prices from GXP's parent company. Those cases were dismissed for...

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