JER Hudson GP XXI LLC v. DLE Investors, LP

Docket NumberC.A. No. 2021-0478-MTZ
Decision Date02 May 2022

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3 cases
  • New Enter. Assocs. 14 v. Rich
    • United States
    • Court of Chancery of Delaware
    • 2 Mayo 2023
    ... ... He would only commit if (i) ... all existing preferred stock became common stock, (ii) Rich ... and his fellow investors received a new class of preferred ... stock (the "Preferred Stock"), and (iii) the Funds ... and other significant investors executed a ... For a decision illustrating ... the effect of a limited purpose provision in the context of a ... partnership, see JER Hudson GP XXI LLC v. DLE Investors, ... LP , 275 A.3d 755, 787-88 (Del. Ch. 2022) ("The ... partnership's purpose limits the general partner's ... ...
  • McRitchie v. Zuckerberg
    • United States
    • Court of Chancery of Delaware
    • 30 Abril 2024
    ...purposes reflect its specific areas of focus).2058 Del. C. § 102(a)(3).206Id.207Rich, 295 A.3d at 554. See JER Hudson GP XXI LLC v. DLE Invs., LP, 275 A.3d 755, 787–88 (Del. Ch. 2022) (explaining that narrow purpose clause in partnership agreement constrained ability of general partner to a......
  • Sunder Energy v. Jackson
    • United States
    • Court of Chancery of Delaware
    • 22 Noviembre 2023
    ...A.2d 805, 810 (Del. Ch. 2006).34Cantor Fitzgerald, L.P. v. Cantor, 724 A.2d 571, 579 (Del.Ch.1998).35E.g., JER Hudson GP XXI LLC v. DLE Inv'rs, LP, 275 A.3d 755, 782 (Del. Ch. 2022).36Kingsbridge Cap. Gp. v. Dunkin' Donuts Inc., 1989 WL 89449, at *4 (Del. Ch. Aug. 7, 1989).37COVID-Related R......