In a thorough 52-page report issued on March 6, 2026, Magistrate Wright of the Court of Chancery resolved cross-motions for summary judgment in Manche v. MVMT Labs, Inc., C.A. No. 2025-1407-CDW, granting advancement to a corporation’s co-founder who incurred legal fees in connection with a federal investigation into the corporation’s cryptocurrency activities. The
Summary Judgment
Delaware Courts Reject Novel Attempt to Avoid Reasonableness Review of Restrictive Covenants
By Carl D. Neff on
In a pair of decisions from the Delaware Court of Chancery and the Delaware Supreme Court, Vice Chancellor Morgan T. Zurn and the Supreme Court en banc rejected a creative but ultimately unsuccessful attempt to circumvent the reasonableness requirement for restrictive covenants.
What struck me most about Vice Chancellor Zurn’s opinion is how it applies…
Chancery Grants Summary Judgment on Contract Interpretation Claim, Denies Plaintiff’s TRO
By Carl D. Neff on
In the recent decision of Searchlight CST, L.P. v. MediaMath Holdings, Inc., C.A. No. 2020-0652-SG (Del. Ch. Sept. 28, 2020), the Delaware Court of Chancery granted Defendant MediaMath Holdings, Inc.’s (“Defendant”) motion for summary judgment in connection with a contract dispute over a provision limiting the amount of indebtedness Defendant is able to incur.…