Quadrangle Offshore v. Kenetech Corporation

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IN THE SUPREME COURT OF THE STATE OF DELAWARE QUADRANGLE OFFSHORE (CAYMAN) LLC and CERBERUS PARTNERS, L.P., § § § § § § § § § § § § § Plaintiffs Below, Appellants, v. KENETECH CORPORATION, Defendant Below, Appellee. Submitted: Decided: No. 498, 1999 Court Below: Court of Chancery of of the State of Delaware in and for New Castle County C. A. No. 16362 April 4, 2000 April 6, 2000 Before VEASEY, Chief Justice, WALSH, HOLLAND, HARTNETT and BERGER, Justices, constituting the Court en Banc. ORDER This 6th day of April 2000, the Court, having carefully considered the memorandum opinion and judgment of the Court of Chancery dated October 13, 1999, and the contentions of the parties set forth in the briefs and at oral argument, has determined as follows: To the extent that (a) the issues raised on appeal are factual, the record evidence supports the trial judge s factual findings; and (b) the issues raised on appeal are legal, they are controlled by settled Delaware law, which was properly applied. NOW, THEREFORE, IT IS ORDERED that the judgment of the Court of Chancery is AFFIRMED. BY THE COURT: /s/ E. Norman Veasey Chief Justice -2-

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