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EXPRESS SCRIPTS, INC. v. BRACKET HOLDINGS

No. 62, 2020.

248 A.3d 824 (2021)

EXPRESS SCRIPTS, INC. and United BioSource LLC, Defendants Below, Appellants/Cross-Appellees, v. BRACKET HOLDINGS CORP., Plaintiff Below, Appellee/Cross-Appellant.

Supreme Court of Delaware.

Decided: February 23, 2021.

Attorney(s) appearing for the Case

Kevin G. Abrams, Esquire , Michael A. Barlow, Esquire , Daniel J. McBride, Esquire , ABRAMS & BAYLISS LLP, Wilmington, Delaware; Derek L. Shaffer, Esquire (argued), Michael Lyle, Esquire , QUINN EMANUEL URQUHART & SULLIVAN, LLP, Washington, D.C., Richard I. Werder, Jr., Esquire , Rollo C. Baker, Esquire , Silpa Maruri, Esquire , Dominic J. Pody, Esquire , QUINN EMANUEL URQUHART & SULLIVAN, LLP, New York, New York; Attorneys for Defendants-Appellants/Cross-Appellees Express Scripts, Inc. and United BioSource LLC.

David E. Ross, Esquire , Eric D. Selden, Esquire , ROSS ARONSTAM & MORITZ LLP, Wilmington, Delaware; Paul D. Clement, Esquire (argued), C. Harker Rhodes IV , KIRKLAND & ELLIS LLP, Washington, D.C.; Kevin M. Neylan, Jr., Esquire , KIRKLAND & ELLIS LLP, New York, New York; Attorneys for Plaintiff-Appellee/Cross-Appellant Bracket Holdings Corp.

Before SEITZ, Chief Justice; VALIHURA, VAUGHN, TRAYNOR, and MONTGOMERY-REEVES, Justices, constituting the Court en Banc.

United BioSource LLC ("UBC"), a subsidiary of Express Scripts, Inc. ("ESI") agreed to sell three of UBC's pharmaceutical research and development businesses to Bracket Holding Corp. ("Bracket"), a holding company formed by Parthenon Capital Partners, LP ("Parthenon") for the acquisition. In August 2013, Bracket and UBC signed...

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