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SARN SD3, LLC v. CZECHOSLOVAK GROUP A.S.

Nos. 291, 2023 & 294, 2023.

326 A.3d 1170 (2024)

SARN SD3, LLC, Plaintiff Below, Appellant/Cross-Appellee, v. CZECHOSLOVAK GROUP A.S., Defendant Below, Appellee/Cross-Appellant.

Supreme Court of Delaware.

Decided: September 12, 2024.

Attorney(s) appearing for the Case

Mackenzie M. Wrobel, Esquire, Coleen W. Hill, Esquire, Duane Morris, Wilmington, Delaware; Ryan E. Borneman, Esquire, Robert M. Palumbos, Esquire (argued), Ryan F. Monahan, Esquire, Duane Morris, Philadelphia, Pennsylvania for Plaintiff Below, Appellant/Cross-Appellee.

Philip Trainer, Jr., Esquire, Tiffany Geyer Lydon, Esquire, Ashby & Geddes, Wilmington, Delaware; Of Counsel: Kenneth J. Pfaehler, Esquire (argued), Anna Isernia, Esquire, Dentons US LLP, Washington, D.C. for Defendant Below, Appellee/Cross-Appellant.

Before SEITZ, Chief Justice; VALIHURA, TRAYNOR, LEGROW, and GRIFFITHS, Justices, constituting the Court en Banc.

I. INTRODUCTION

This appeal arises out of a breach of contract action brought by SARN SD3 LLC ("SD3") against Czechoslovak Group A.S. ("CSG"). SD3 alleged that CSG breached an option contract for shares in RETIA A.S. ("RETIA"). RETIA is a Czech company purchased by CSG in 2016. The option contract provided that if CSG...

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