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CLARK v. DAVENPORT

C.A. No. 2017-0839-JTL.

KENNETH E. CLARK, Plaintiff, v. CHESTER C. DAVENPORT, CECE DAVENPORT BERKOWITZ, COREY DAVENPORT, ROBERT L. REISLEY, JONATHAN FOTOS, GEORGETOWN BASHO INVESTORS, LLC, and ADAM J. WRAY, Defendants.

Court of Chancery of Delaware.

Decided: July 18, 2019.

Attorney(s) appearing for the Case

Robert A. Penza, Christina M. Belitz, POLSINELLI PC, Wilmington, Delaware; Attorneys for Plaintiff Kenneth E. Clark.

Andrew D. Cordo, F. Troupe Mickler IV, Hayley M. Lenahan, ASHBY & GEDDES, P.A., Wilmington, Delaware; Attorneys for Defendant Adam J. Wray.

David A. Felice, BAILEY & GLASSER, LLP, Wilmington, Delaware; Attorneys for Defendant Corey Davenport.

MEMORANDUM OPINION

The plaintiff sued seven defendants for inducing him to make three investments in a failed enterprise. Three of the defendants defaulted. Two settled. The remaining two moved to dismiss the complaint pursuant to Rule 12(b)(6) for failing to state a claim on which relief can be granted. One of the two remaining...

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