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SHAMROCK HOLDINGS OF CALIFORNIA, INC. v. ARENSON

No. CIV.04-1339-SLR.

421 F.Supp.2d 800 (2006)

SHAMROCK HOLDINGS OF CALIFORNIA, INC., Shamrock Capital Advisors, Inc., Eugene I. Krieger, George J. Buchler and Bruce J. Stein, Plaintiffs, v. Abraham ARENSON, Selk, LLC, Laurel Equity Group, LLC, J12ALH Associates, A. Arenson Holdings, Ltd. and D.A. Gardens, Ltd. Defendants.

United States District Court, D. Delaware.

March 14, 2006.

Attorney(s) appearing for the Case

A. Gilchrist Sparks, III, Esquire, S. Mark Hurd, Esquire and Samuel T. Hirzel, Esquire of Morris, Nichols, Arsht & Tunnel, Wilmington, DE, Of counsel: Gregory P. Joseph, Esquire, Pamela Jarvis, Esquire of Gregory P. Joseph Law Offices LLC, New York City, for Plaintiffs.

Sean J. Bellew, Esquire and David A. Felice, Esquire of Cozen O'Connor, Wilmington, DE, Thomas M. Wood, IV, Esquire of Neuberger, Quinn, Gielen, Rubin & Gibber, P.A., Baltimore, MD, for Defendants.

MEMORANDUM OPINION

SUE L. ROBINSON, Chief Judge.

I. INTRODUCTION

On September 13, 2004, Shamrock Holdings of California, Inc. ("Shamrock"), Shamrock Capital Advisors, Inc. ("SCA"), Eugene I. Krieger, George J. Buchler and Bruce J. Stein (collectively called "plaintiffs") filed this declaratory judgment action in the Delaware Court of Chancery against Abraham Arenson, Selk LLC and...

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