Equity-Linked Investors, L.P. v. Adams

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Equity-Linked Investors, L.P. v. Adams
by the Delaware Court of Chancery
Syllabus
    
Court Documents
Opinion of the Court

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.

ALLEN, CHANCELLOR

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