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HOLIFIELD v. XRI INV. HOLDINGS LLC

No. 407, 2022.

304 A.3d 896 (2023)

Gregory A. HOLIFIELD and GH Blue Holdings, LLC, Defendants Below, Appellants/Cross-Appellees, v. XRI INVESTMENT HOLDINGS LLC, Plaintiff Below, Appellee/Cross-Appellant.

Supreme Court of Delaware.

Decided: September 7, 2023.

Attorney(s) appearing for the Case

Michael W. McDermott, Esquire (argued), Richard I. G. Jones, Jr., Esquire , David B. Anthony, Esquire , Zachary J. Schnapp, Esquire , Harry W. Shenton, IV, Esquire , BERGER HARRIS LLP, Wilmington, Delaware for Defendants Below, Appellants/Cross-Appellees.

A. Thompson Bayliss, Esquire (argued), Eric A. Veres, Esquire , ABRAMS & BAYLISS LLP, Wilmington, Delaware. Of Counsel: Robert N. Hochman, Esquire , SIDLEY AUSTIN LLP, Chicago, Illinois, Margaret Hope Allen, Esquire , Angela C. Zambrano, Esquire , Yolanda Cornejo Garcia, Esquire , SIDLEY AUSTIN LLP, Dallas, Texas, Robin Wechkin, Esquire , SIDLEY AUSTIN LLP, Issaquah, Washington, for Plaintiff Below, Appellee/Cross-Appellant.

Before SEITZ, Chief Justice; VALIHURA, TRAYNOR, GRIFFITHS, Justices; and NEWELL, Chief Judge, constituting the Court en Banc.

Defendants-below, appellants, cross-appellees, Gregory Holifield ("Holifield") and GH Blue Holdings, LLC ("Blue"), appeal the Court of Chancery's September 19, 2022 memorandum opinion in favor of plaintiff-below, appellee, cross-appellant, XRI Investment Holdings LLC ("XRI"). The issue in this litigation is whether Holifield validly...

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