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  • Valhalla Partners II, L.P. v. Vistar Media, Inc.

    Publication Date: 2024-12-24
    Practice Area: Securities Litigation
    Industry: Advertising | Investments and Investment Advisory
    Court: Court of Chancery
    Judge: Vice Chancellor Glasscock
    Attorneys: For plaintiff: Steven L. Caponi, Matthew B. Goeller, K&L Gates LLP, Wilmington, DE; Neil T. Smith, Jennifer J. Nagle, K&L Gates LLP, Boston, MA for plaintiffs.
    for defendant: Rudolf Koch, John M. O’Toole, Richards, Layton & Finger, P.A., Wilmington, DE; A. Matthew Boxer, Rebecca J. Ryan, Lowenstein Sandler LLP, New York, NY for defendant.
    Case Number: 2019-0202-SG

    Extrinsic evidence did not support interpreting or reforming the contractual language of the parties' convertible notes where the record demonstrated that plaintiffs refused automatic conversion of their notes and instead agreed to a provision merely entitling them to repayment of the debt.