Concord Steel, Inc. v. Wilmington Steel Processing Co., Inc., C.A. No. 3369-VCP (Del. Ch. Oct. 7, 2010), read opinion here. Blog summaries of prior decisions of the Delaware Court of Chancery in this matter are available here.
Issue Addressed
Chancery Awards Fees to Prevailing Party Based on Agreement; Examines Reasonableness of Amount
In Concord Steel, Inc. v. Wilmington Steel Processing, Co., Inc., et al., No 3369-VCP (Del. Ch. February 5, 2010), read decision here, the Delaware Court of Chancery awarded attorneys’ fees based on a provision in an asset purchase agreement that afforded…
Chancery Enforces Restrictive Covenant and Grants Permanent Injunction
Noncompetition/Covenant-Not-To-Compete Agreement Enforced
In Concord Steel, Inc. v. Wilmington Steel Processing Co., Inc., 2008 WL 902406 (Del. Ch., April 3, 2008), read opinion here, the Chancery Court upheld the portion of an Asset Purchase Agreement (ASA) that prevented the seller from competing against…