affirming Trenwick Am. Litig. Trust v. Ernst & Young, L.L.P., 906 A.2d 168 (Del. Ch. 2006)
Summary of this case from Kane v. PaCap Aviation Fin.No. 495, 2006.
August 14, 2007.
Appeal from the Chancery CA 1571.
Decisions Without Published Opinions, Affirmed.
affirming Trenwick Am. Litig. Trust v. Ernst & Young, L.L.P., 906 A.2d 168 (Del. Ch. 2006)
Summary of this case from Kane v. PaCap Aviation Fin.In Trenwick, the Chancery Court held that "Delaware law does not recognize [deepening insolvency] as a cause of action."
Summary of this case from Kane v. PaCap Aviation Fin.In Trenwick Am. Litig. Trust v. Billett, 931 A.2d 438, 2007 WL 2317768 (Del.2007), the Delaware Supreme Court affirmed the Delaware Court of Chancery in its disapproval of the deepening insolvency cause of action.
Summary of this case from In re Norvergence, Inc.Full title:Trenwick America Litigation Trust v. Billett
Court:Supreme Court of Delaware
Date published: Aug 14, 2007
After the June 14, 2007 hearing, the parties filed various post-hearing submissions; bringing to the Court's…
In re Bracket Holding Corp. Litig.See also Solomon v. Pathe Commc'ns Corp., 672 A.2d 35, 38-39 (Del. 1996) (citing Grobow v. Perot, 539 A.2d…