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Archive for March 2017

Delaware Supreme Court Finds Breach of Obligation to Provide Warrants to be Within the Definition of “Indebtedness”, Triggering the Fee-Shifting Provision of the Parties’ Promissory Note

The Supreme Court of Delaware reversed the judgment of the Chancery Court and ruled that, by modifying the parties’ promissory note to include an issuance of additional warrants upon maturity, and subsequently failing to perform upon default, Preferred Communication indebted itself to Appellants and accordingly owed reasonable attorneys’ fees and court costs.

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