SAMUEL J. HEYMAN 1981 TRUST v. ASHLAND LLC

No. 279, 2021.

284 A.3d 714 (2022)

The SAMUEL J. HEYMAN 1981 CONTINUING TRUST FOR LAZARUS S. HEYMAN; the Samuel J. Heyman 1981 Continuing Trust for Eleanor S. Heyman; the Samuel J. Heyman 1981 Continuing Trust for Jennifer L. Heyman; the Samuel J. Heyman 1981 Continuing Trust for Elizabeth D. Heyman; the Lazarus S. Heyman Age 50 Trust for Assets Appointed Under Will of Lazarus S. Heyman; the Eleanor S. Heyman Age 50 Trust for Assets Appointed Under Will of Lazarus S. Heyman; the Jennifer L. Heyman Age 50 Trust For Assets Appointed Under Will of Lazarus S. Heyman; the Elizabeth D. Heyman Age 50 Trust for Assets Appointed Under Will of Lazarus S. Heyman; the Horizon Holdings Residual Trust; RFH Investment Holdings LLC; the 2013 Samuel J. Heyman 1981 Continuing Trust for Lazarus S. Heyman; the 2013 Samuel J. Heyman 1981 Continuing Trust for Eleanor Heyman Propp; the 2013 Samuel J. Heyman 1981 Continuing Trust for Jennifer Heyman Millstone; the 2013 Samuel J. Heyman 1981 Continuing Trust for Elizabeth Heyman Winter; the 2013 Lazarus S. Heyman Age 50 Trust for Assets Appointed Under Will of Lazarus S. Heyman; the 2013 Eleanor Heyman Propp Age 50 Trust for Assets Appointed Will of Lazarus S. Heyman; the 2013 Jennifer Heyman Millstone Age 50 Trust for Assets Appointed Under Will of Lazarus S. Heyman; the 2013 Elizabeth Heyman Winter Age 50 Trust for Assets Appointed Under Will of Lazarus S. Heyman; The 2015 Horizon Holdings Residual Trust for Lazarus S. Heyman; the 2015 Horizon Holdings Residual Trust for Eleanor Heyman Propp; the 2015 Horizon Holdings Residual Trust for Jennifer Heyman Millstone; the 2015 Horizon Holdings Residual Trust for Elizabeth Heyman Winter; and Linden Property Holdings LLC, Defendants Below, Appellants/Cross-Appellees, v. ASHLAND LLC, International Specialty Products Inc., ISP Environmental Services Inc., and ISP Chemco LLC, Plaintiffs Below, Appellees/Cross-Appellants.

Supreme Court of Delaware.

Decided: September 12, 2022.


Attorney(s) appearing for the Case

William M. Lafferty, Esquire , Miranda N. Gilbert, Esquire , John P. DiTomo, Esquire , Lauren N. Bennett, Esquire , Thomas P. Will, Esquire , Morris Nichols Arsht & Tunnell LLP, Wilmington, Delaware; Robert N. Hochman, Esquire , Heather Benzmiller Sultanian, Esquire , Sidley Austin LLP, Chicago, Illinois; Eamon P. Joyce, Esquire , Sidley Austin LLP, New York, New York; Andrew J. Rossman, Esquire (Argued), Jonathon B. Oblak, Esquire , Nicholas Hoy, Esquire , Quinn Emanuel Urquhart & Sullivan, LLP, New York, New York, for Defendants-Below, Appellants.

Christopher Viceconte, Esquire , Gibbons, P.C., Wilmington; Jennifer A. Hradil, Esquire (Argued), William S. Hatfield, Esquire , Camille V. Otero, Esquire , Joshua R. Elias, Esquire, Gibbons, P.C., Newark, New Jersey, for Plaintiffs-Below; Appellees.

Before SEITZ, Chief Justice; VAUGHN and TRAYNOR, Justices.


This is a breach-of-contract dispute involving a stock purchase agreement for the sale of all the shares of stock of International Specialty Products Inc. ("International Specialty"). The selling shareholders were nine trusts and RFH Investment Holdings LLC, all of whom are Appellants in this appeal (the "Heyman Parties").

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