Holifield v. XRI Investment Holdings LLC

Docket Number407, 2022
Decision Date07 September 2023
Defendants-appellants and cross-appellees, Gregory Holifield (“Holifield”) and GH Blue Holdings, LLC (“Blue”), appealed a Court of Chancery memorandum opinion in favor of plaintiff- appellee and cross-appellant, XRI Investment Holdings LLC (“XRI”). The issue this case presented was whether Holifield validly transferred his limited liability membership units in XRI to Blue on June 6, 2018. The resolution of that issue bore on the ultimate dispute between the parties (not at issue here) on...

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4 cases
  • Altigen Commc'ns v. Day
    • United States
    • Court of Chancery of Delaware
    • August 21, 2026
    ...other corporate organs such as its directors and officers, and the State of Delaware."), rev'd in part on other grounds, 304 A.3d 896 (Del. 2023). [60] See 8 Del. C. § 141(a). Since 2024, stockholders and even prospective stockholders can secure contractual rights that trump board authority......
  • In re Tesla, Inc. Derivative Litig.
    • United States
    • Supreme Court of Delaware
    • December 19, 2025
    ...Holdings, Inc. v. Crestview-Oxbow Acquisition, LLC, 202 A.3d 482, 502 n.77 (Del. 2019). [85] See, e.g., Holifield v. XRI Investment Holdings LLC, 304 A.3d 896, 936-37 (Del. 2023). [86] A1595-96 (Director Defendants' Answering Post-Trial Br. 6-7). [87] A1743-44 (Director Defendants' Supp. Re......
  • Drop a Piano Prods. v. Maraboyina
    • United States
    • U.S. District Court — Southern District of New York
    • October 27, 2025
    ... ...           Holifield ... v. XRI Inv. Holdings LLC , 304 A.3d 896 ... ...
  • Walker v. FRP Investors GP, LLC
    • United States
    • Court of Chancery of Delaware
    • April 15, 2025
    ...at *9. 252. XRI Inv. Hldgs. LLC v. Holifield, 283 A.3d 581, 623 (Del. Ch. 2022) affd in part, rev’d in part on other grounds, 304 A.3d 896 (Del. 2023) (quoting Clements v. Rogers, 790 A.2d 1222, 1238 n.46 (Del. Ch. 253. Klaassen v. Allegro Dev. Corp., 106 A.3d 1035, 1047 (Del. 2014) (footno......