Document: Seidensticker v. The Gasparilla Inn, Inc., C.A. No. 2555-CC, Chandler, C. (Del. Ch. June 19, 2007)
The Court granted a stockholder plaintiff’s motion for partial summary judgment requesting a declaration that the stockholder owned his shares free of restrictions in a stock purchase agreement that provided the defendants a right of first refusal on the shares, where the defendants had failed to comply with the stock purchase agreement with respect the exercise of their contractual rights.