Attorney(s) appearing for the Case
Raymond J. DiCamillo, Esquire , Kevin M. Gallagher, Esquire , Sarah A. Clark, Esquire , John M. O'Toole, Esquire , RICHARDS, LAYTON & FINGER, P.A., Wilmington, Delaware; Theodore N. Mirvis, Esquire , William Savitt, Esquire , (argued), Sarah K. Eddy, Esquire , Ryan A. McLeod, Esquire , WACHTELL, LIPTON, ROSEN & KATZ, New York, New York; Theodore B. Olson, Esquire , Amir C. Tayrani, Esquire , GIBSON, DUNN & CRUTCHER LLP, Washington, D.C.; Adam H. Offenhartz, Esquire , and Marshall R. King, Esquire , GIBSON, DUNN & CRUTCHER LLP, New York, New York; Attorneys for Appellant AB Stable VIII LLC.
A. Thompson Bayliss, Esquire , Michael A. Barlow, Esquire , April M. Kirby, Esquire , Stephen C. Childs, Esquire , ABRAMS & BAYLISS LLP, Wilmington, Delaware; Kathleen M. Sullivan, Esquire , (argued), Michael B. Carlinsky, Esquire , William B. Adams, Esquire , Christopher D. Kercher, Esquire , Rollo C. Baker IV, Esquire , Todd G. Beattie, Esquire , Jonathan E. Feder, Esquire , QUINN EMANUEL URQUHART & SULLIVAN, LLP, New York, New York; and Kap-You Kim, Esquire , PETER & KIM ATTORNEYS AT LAW, Seoul, South Korea; Attorneys for Appellees MAPS Hotels and Resorts One LLC, Mirae Asset Capital Co., Ltd., Mirae Asset Securities Co., Ltd., Mirae Asset Global Investments, Co., Ltd., and Mirae Asset Life Insurance Co., Ltd.
Before SEITZ, Chief Justice; VALIHURA, VAUGHN, TRAYNOR, and MONTGOMERY-REEVES, Justices, constituting the Court en Banc.
SEITZ, Chief Justice:
MAPS Hotel and Resorts One LLC (the "Buyer") agreed to purchase fifteen hotel properties from AB Stable VIII LLC (the "Seller") for $5.8 billion. A closing delay brought an unexpected problem—the novel coronavirus COVID-19 and the damage it inflicted on the hospitality industry. In response to the pandemic and without...
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