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Gentile v. Rosette - Trial
Overview
Case Name:
Gentile v. Rosette - Trial
Case Number:
20213
Start Date:
March 31, 2008
End Date:
April 3, 2008
Description:
The Plaintiffs, former shareholders of SinglePoint, which merged into a subsidiary of Cofiniti, Inc. in 2000, bring this action for breach of fiduciary duty against its two directors. They challenge, as an unwarranted dilution of their equity interests and voting power in SinglePoint, the conversion of some of the debt held by Rossette into SinglePoint common stock at an unfairly and unreasonably low conversion rate. They also challenge special benefits that Rossette received as part of the merger—additional consideration upon which he conditioned his approval of the merger. Remanded from Delaware Supreme Court
Parties
- Plaintiff - John Gentile
- Defense - David Rossette
Location & Judge
Judge:
John W Noble
Courthouse:
New Castle County Courthouse
500 North King Street
Wilmington, DE 19801
courts.delaware.gov/Courts/Court%20of%20Chancery/
500 North King Street
Wilmington, DE 19801
courts.delaware.gov/Courts/Court%20of%20Chancery/
Jurisdiction:
State Trial Court
Delaware Court Of Chancery
Delaware Court Of Chancery