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Smollar v. Potarazu

Court of Chancery of Delaware

May 7, 2015

Smollar
v.
Potarazu

Submitted: March 19, 2015

Sidney S. Liebesman, Esquire Montgomery, McCracken, Walker & Rhoads, LLP

David L. Finger, Esquire Finger & Slanina, LLC

Robert D. Goldberg, Esquire Biggs and Battaglia

Dear Counsel:

The Court has allowed the Special Review Committee more than sufficient time to perform its tasks. To avoid disruption, the Court will allow the de facto stay to remain in place until May 22, 2015. A further stay for efforts of the Special Review Committee simply is not warranted. Thus, effective as of May 22, 2015, the Motion to Stay is denied.

The Special Review Committee's Motion to Stay also contained, in the alternative, a request to "realign the litigation, " with the effect that it would be substituted as plaintiff. If it continues to seek this relief, counsel should confer on a brief schedule or other approach for dealing with this application. These specific items are not subject to any stay.

IT IS SO ORDERED.

Very truly yours,

JOHN W. NOBLE VICE CHANCELLOR


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