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Gupta v. E*Trade Securities, LLC

Court of Chancery of Delaware

April 25, 2014

Lachman Dass Gupta
v.
E*Trade Securities, LLC et al.

Jody Barillare, Esquire Morgan Lewis & Bockius LLP

Erika R. Caesar, Esquire Young Conaway Stargatt & Taylor LLP

SAM GLASSCOCK III VICE CHANCELLOR

Dear Litigants and Counsel:

I am in receipt of the Petitioners' Notice of Exceptions to the Order entered by Master Ayvazian on April 11, 2014, which denies the Petitioners' Motion for a Default Judgment against Defendant JP Morgan Securities, LLC. The Petitioners' Exceptions are preserved; however, in the interests of judicial and litigants' economy, I exercise my discretion to defer a hearing on the Exceptions. Accordingly, I am remanding this matter to the Master. Once a final report has been issued, the Petitioners may re-file their Exceptions, if appropriate, and I will consider the issues raised therein at that time. To the extent the foregoing requires an Order to take effect, IT IS SO ORDERED.


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