Equity-Linked Investors, L.P. v. Adams
COURT OF CHANCERY OF DELAWARE, NEW CASTLE
705 A.2d 1040
EQUITY-LINKED INVESTORS, L.P. AND EQUITY-LINKED INVESTORS-II, PLAINTIFFS, v. THOMAS H. ADAMS, SHARON B. WEBSTER, PAUL O.P. TS'O, ROBERT E. KLEM, GENTA INCORPORATED, THE ARIES FUNDS AND ARIES DOMESTIC FUND, L.P., DEFENDANTS.
No. 15513 Argued: April 1, 1997 --- Decided: April 25, 1997
Released for Publication by the Court May 12, 1997.
Judgment will be granted for defendants and against plaintiff. Each party to bear its own costs.
Kevin G. Abrams, Esquire, Thomas A. Beck, Esquire, J. Travis Laster, Esquire and Peter B. Ladig, Esquire, of RICHARDS, LAYTON & FINGER, Wilmington, Delaware; OF COUNSEL: Irwin H. Warren, Esquire, Brian S. Rosen, Esquire and Larren M. Nashelsky, Esquire, of WEIL, GOTSHAL & MANGES LLP, New York, New York; Attorneys for Plaintiffs.
Martin P. Tully, Esquire, William M. Lafferty, Esquire and David J. Teklits, Esquire, of MORRIS, NICHOLS, ARSHT & TUNNELL, Wilmington, Delaware; OF COUNSEL: Walter J. Robinson, III, Esquire, Kirke M. Hasson, Esquire and Bruce A. Ericson, Esquire, of PILLSBURY, MADISON & SUTRO LLP, San Francisco, California; Attorneys for Defendants Genta Corporation, Thomas H. Adams, Robert E. Klem, Paul O.P. Ts'o and Sharon B. Webster.
Anthony W. Clark, Esquire, of SKADDEN, ARPS, SLATE, MEAGHER & FLOM, Wilmington, Delaware; Attorneys for Defendants Aries Domestic Fund, L.P. and The Aries Fund.