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USA CABLE v. WORLD WRESTLING FEDERATION

No. 327, 2000.

766 A.2d 462 (2000)

USA CABLE, Plaintiff Below, Appellant, v. WORLD WRESTLING FEDERATION ENTERTAINMENT, INC., Viacom Inc., and CBS Corporation, Defendants Below, Appellees.

Supreme Court of Delaware.

Decided: September 18, 2000.

Attorney(s) appearing for the Case

David C. McBride, Bruce L. Silverstein, Danielle Gibbs, Young, Conaway, Stargatt & Taylor LLP, Wilmington, Delaware, of counsel, Herbert M. Wachtell, Marc Wolinsky, George T. Conway III, Elaine P. Golin, Jed I. Bergman, Wachtell, Lipton, Rosen & Katz, New York City, for appellant.

Robert K. Payson, Arthur L. Dent, Potter Anderson & Corroon LLP, Wilmington, Delaware, Jerry S. McDevitt, Terry Budd, Curtis B. Krasik, Kirkpatrick & Lockhart LLP, Pittsburgh, Pennsylvania, for appellee World Wrestling Federation Entertainment, Inc.

A. Gilchrist Sparks, III, Alan J. Stone, Morris, Nichols, Arsht & Tunnell, Wilmington, Delaware, of counsel, Richard B. Kendall, Harry A. Mittleman, Robert N. Klieger, Irell & Manella LLP, Los Angeles, California, for appellees Viacom Inc. and CBS Corporation.

Before: VEASEY, Chief Justice, WALSH and HOLLAND, Justices.

VEASEY, Chief Justice:

In this expedited appeal we review a decision of the Delaware Court of Chancery applying New York law to a contract dispute, following a full trial in that Court. The dispute involves the interpretation of the scope of a right of first refusal and the effectiveness of a purported exercise of that right.

This case turns on two questions: (1) whether the right of first refusal is limited to the...

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