Passco Indian Springs DST v. Grand Acquisition, LLC

Passco Indian Springs DST v. Grand Acquisition, LLC

The Supreme Court affirmed because the Court of Chancery's revised opinion of September 7, 2016 provided an adequate legal and factual basis for its judgment and there was no reversible error warranting relief on appeal.

Citation
Passco Indian Springs DST v. Grand Acquisition, LLC
Parties
Defendant Below, Appellant: PASSCO INDIAN SPRINGS DST; Plaintiff Below, Appellee: GRAND ACQUISITION, LLC
Court
Supreme Court of Delaware
Jurisdiction
United States
Judgment Date
3 March 2017
Case Number
469, 2016
Procedural Posture
Appeal / Decision on Appeal by the Supreme Court
Outcome
Judgment of the Court of Chancery affirmed.
Legal Topics
Judgment Affirmance, Standards of Review, Chancery Court Findings
Source Language
English
Equity Corporate Law Appellate Review Judgment Affirmance Standards of Review Chancery Court Findings

Case Brief

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Parties

PASSCO INDIAN SPRINGS DST

Defendant Below, Appellant

GRAND ACQUISITION, LLC

Plaintiff Below, Appellee

Procedural Posture

Appeal / Decision on Appeal by the Supreme Court

Legal Issues

  1. 1 Whether the Court of Chancery's judgment should be affirmed
  2. 2 Whether the Chancery Court's legal and factual findings were clearly erroneous or reversible

Ratio Decidendi

The Supreme Court affirmed because the Court of Chancery's revised opinion of September 7, 2016 provided an adequate legal and factual basis for its judgment and there was no reversible error warranting relief on appeal.

Court Disposition

Judgment of the Court of Chancery affirmed.

Orders

  • Judgment of the Court of Chancery is hereby affirmed.