INFINITY Q CAPITAL MANAGEMENT, LLC v. TRAVELERS CASUALTY AND SURETY COMPANY

C.A. No. N21C-07-158 EMD CCLD.

INFINITY Q CAPITAL MANAGEMENT, LLC, LEONARD POTTER and SCOTT LINDELL, Plaintiffs, v. TRAVELERS CASUALTY AND SURETY COMPANY, AXIS INSURANCE COMPANY, and ARCH INSURANCE COMPANY, Defendants.

Superior Court of Delaware.

Decided: August 15, 2022.


Attorney(s) appearing for the Case

Jennifer C. Wasson, Esquire , Carla M. Jones, Esquire , Potter Anderson & Corroon LLP, Wilmington, Delaware, Kenneth H. Frenchman, Esquire , Andrew N. Bourne, Esquire , Cohen Ziffer Frenchman & McKenna LLP, New York, New York, Attorneys for Plaintiffs Infinity Q Capital Management, LLC, Leonard Potter and Scott Lindell.

Amy M. Dudash, Esquire , Morgan, Lewis & Bockius LLP, Wilmington, Delaware, Michael C. D'Agostino, Esquire , Morgan, Lewis & Bockius, LLC, Hartford, Connecticut, Attorneys for Plaintiff-Intervenors Trust for Advised Portfolios on behalf of itself and the Infinity Q Diversified Alpha Fund—a series of the Trust, Christopher Kashmerick, Russell B. Simon and Steven Jensen.

Ryan P. Newell, Esquire , Young Conaway Stargatt & Taylor, LLP, Wilmington, Delaware, W. Hunter Winstead, Esquire , Ethan H. Kaminsky, Esquire , Gilbert LLP, Washington, D.C., Attorneys for Plaintiff-Intervenor James Velissaris.

Carmella P. Keener, Esquire , Cooch and Taylor, Wilmington, Delaware, Thomas J. Judge, Esquire , Jeffrey J. Ward, Esquire , Dykema Gossett PLLC, Washington, D.C., Attorneys for Defendants Travelers Casualty and Surety Company of America.

Carmella P. Keener, Esquire , Cooch and Taylor, Wilmington, Delaware, Michael Goodstein, Esquire , Bailey Cavalieri, LLC, Columbia, Ohio, Attorneys for Defendant Arch Insurance Company.

Curtis J. Crowther, Esquire , Robinson & Cole LLP, Wilmington, Delaware, Erica J. Kerstin , Robinson & Cole, LLP, New York, New York, Attorneys for Defendant AXIS Insurance Company.


I. INTRODUCTION

This civil action is assigned to the Complex Commercial Litigation Division of this Court. Plaintiffs Infinity Q Capital Management LLC ("Infinity Q"), Leonard Potter, and Scott Lindell (collectively, the "Insureds") filed a Complaint on July 21, 2021. In the Complaint, the Insureds assert three claims...

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