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Nationwide Emerging Managers, LLC v. NorthPointe Holdings, LLC

Supreme Court of Delaware

March 18, 2015

NATIONWIDE EMERGING MANAGERS, LLC, Defendant/Counter-Plaintiff Third-Party Plaintiff Below-Appellant, and NATIONWIDE CORPORATION, and NATIONWIDE MUTUAL INSURANCE CO., Defendants Below-Appellants,
v.
NORTHPOINTE HOLDINGS, LLC, Plaintiff/Counter-Defendant Below-Appellee, and NORTHPOINTE CAPITAL, LLC, PETER CAHILL, MARY CHAMPAGNE, ROBERT GLISE, MICHAEL HAYDEN, JEFFREY PETHERICK, STEPHEN ROBERTS, and CARL WILK, Third-Party Defendants Below-Appellees

Submitted March 4, 2015

Revised: March 27, 2015.

Case Closed April 6, 2015.

Page 879

[Copyrighted Material Omitted]

Page 880

Court Below: Superior Court of the State of Delaware in and for New Castle County. C.A. No. N09C-11-141 A.L.R..

REVERSED.

Colm F. Connolly, Esquire (argued), Morgan, Lewis & Bockius LLP, Wilmington, Delaware, for Appellants.

Bartholomew J. Dalton, Esquire, Dalton & Associates, P.A., Wilmington, Delaware; Jaye Quadrozzi, Esquire (argued), Rodger D. Young, Esquire, Young & Associates, Farmington Hills, Michigan, for Appellees.

Before STRINE, Chief Justice; VAUGHN, Justice; and LASTER, Vice Chancellor.[*]

OPINION

Page 881

STRINE, Chief Justice.


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