Gelfman, et al. v. Weeden Investors, L.P., et al.

C&T served as co-counsel in this action on behalf of investors, and C&T Partner, Robert Kriner was on the trial team, in this Action which was tried in the Delaware Court of Chancery.  This trial resulted in a judgment in favor of the limited partners who asserted that dilution and a cash out of their investments at a book value of $4.20 per Unit was unfair and in violation of the Partnership Agreement and the General Partner’s fiduciary duties. After trial, the Court agreed, concluding the value of the interests was $20.92 per Unit, 4.98 times that paid on the cash out plan, and awarded damages to the limited partners.

C.A. No. 18519-NC