CNL-AB, LLC v. Eastern Property Fund I SPE (MS REF) LLC, C.A. No. 6137-VCP (Del. Ch. Jan. 28, 2011)

Seitz Ross attorneys, together with Wachtell, Lipton, Rosen & Katz, represented the managing member of a limited liability company sued for breach of fiduciary duty in connection with a commercial foreclosure.  After the plaintiff, which claimed to be due more than $200 million, failed to obtain an injunction preventing the foreclosure, the plaintiff voluntarily dismissed its remaining claims.

Read the Court's opinion