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WEINBERG v. WAYSTAR, INC.

No. 274, 2022.

294 A.3d 1039 (2023)

Tracey WEINBERG, Plaintiff Below, Appellant, v. WAYSTAR, INC., Derby TopCo Inc., Derby TopCo Partnership LP and Derby GP, LLC, Defendants Below, Appellees.

Supreme Court of Delaware.

Decided: March 16, 2023.

Attorney(s) appearing for the Case

Steven P. Wood, Esquire , (argued), Andrew S. Dupre, Esquire , Travis J. Ferguson, Esquire , McCarter & English, LLP, Wilmington, Delaware for Appellant.

Kevin M. Gallagher, Esquire , Caroline M. McDonough, Esquire , Richards, Layton & Finger, P.A., Wilmington, Delaware. Of Counsel: Sarah A. Zielinski, Esquire , (argued), Amy Starinieri Gilbert, Esquire , McGuire Woods LLP, Chicago, Illinois for Appellee.

Before SEITZ, Chief Justice; VALIHURA, and VAUGHN, Justices.

This appeal turns on the meaning of the word "and" in three distinct, but related, option agreements. Specifically, the question is whether two separate events (separated by the word "and") must both occur in order for the company to exercise a call right, or whether the call right may be exercised if only one event has occurred...

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